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DA lifts max SRP for pork
The Department of Agriculture (DA) has lifted the maximum suggested retail price (MSRP) for pork effective May 15, following a request from industry stakeholders.
DA Secretary Francisco Tiu Laurel cited low compliance with the existing price cap and a clamor from the industry as reasons for the decision.
The previous pork MSRP, implemented on March 10, had set a ceiling of P380 per kilogram for pork belly, P350 for pigue and shoulder, and P300 per kilo for carcasses.
Industry stakeholders sought the lifting to allow for a recovery period, citing supply shortages and farmgate prices above PHP230 per kilogram.
The DA is currently evaluating a new strategy to address supply issues and lower pork prices in the near future.
The resurgence of African Swine Fever (ASF) has been cited as a major contributor to declining production and continued disruptions in domestic pork supply.
The DA advised the public to consider more affordable protein options such as chicken, fish, beef or frozen pork.
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The Department of Agriculture (DA) in the Philippines is planning to remove the maximum suggested retail price (MSRP) for pork products, with the lifting to be announced within 24 hours.
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The Department of Agriculture (DA) has withdrawn its suggested retail price (MSRP) for pork following requests from industry players struggling to comply due to a persistent shortage exacerbated by African Swine Fever (ASF) outbreaks.
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