Philstar
MSRP eyed on red onions, pork
The Department of Agriculture (DA) is considering imposing a maximum suggested retail price (MSRP) on red onions and pork to address price discrepancies and protect both consumers and farmers.
Agriculture Secretary Francisco Tiu Laurel Jr. suspects that retailers may be taking advantage of the situation, leading to high prices despite increased onion imports.
The proposed MSRP for red onions could be set at P120 per kilo, with potential adjustments to P100 or P110 per kilo.
Current market prices for local red onions in Metro Manila range from P120 to P200 per kilo, indicating a significant markup.
The DA might also implement an MSRP for pork due to low farmgate prices that are causing losses for farmers.
Laurel pointed out that the retail price of pork belly (liempo) remains high at P380 per kilo, while it should ideally be around P330 per kilo, given the low farmgate prices.
The DA's data shows that fresh pork belly prices in Metro Manila markets range from P320 to P480 per kilo, with frozen options between P290 and P360 per kilo.
A final decision on implementing the MSRP for onions is expected next week after further evaluation by the DA.
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