D.A. opts not to implement MSRP on pork after consultation with stakeholders

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Transcript

00:00A maximum suggested retail price for premature or even inconsequential or necessary right now.

00:06The Department of Agriculture has ruled following talks with pork retailers and stakeholders in the

00:10hog industry. A well and carefully thought out decision based on a stable farmlead price on pork

00:16and costs expected to gradually slide further down the line. Our Maryville Custodio gives us more.

00:24The Department of Agriculture or DA announced that they will not be imposing a maximum

00:29suggested retail price on pork following their discussion with pork retailers and stakeholders.

00:59A pork retailer explained.

01:10Based on the current trend, Farmgate already stabilized and is expected to decrease once

01:15investigation on the cost structure takes place. DA confirms that the problem on spiking pork

01:21cannot be blamed on the retailers.

01:39According to some producers, they are already recovering from high cases of African swine

01:44fever from the third quarter of last year. However, according to the Agriculture Department,

01:49the set reason is unacceptable for raising pork prices. The 400 to 480 pesos pork retail price is

01:56already considered abusive since the a maximum price assumption is only 400 to 430 pesos and

02:02government efforts will continue to bring it down further. Agencies will continue to monitor and

02:07ensure proper pricing in the markets. Pork retail prices are increasing due to the recovery of hog

02:12industry from ASF, leading to its increasing population. Only 68 active ASF cases remain,

02:18which is significantly lower than more than 500 cases in the third quarter of 2024. Batangas is

02:24already ASF-free. The controlled commercial release of Avac vaccine is targeted to begin

02:29on the first week of April.

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