Pig problem will be conquered, says Trade, Agri chiefs

Published February 9, 2021, 3:53 PM

by Betheena Unite

Government officials are confident that the prices of pork in the country will eventually normalize once the supply of hogs improves.

(PIXABAY / FILE PHOTO / MANILA BULLETIN)

Both Department of Trade and Industry (DTI) Secretary Ramon Lopez and (Department of Agriculture) Secretary William Dar expressed optimism that with the sustained competition in markets and the repopulation of hogs, the country will eventually overcome the problem.

“The fact that we have competition in the playing field, siguradong magno-normalize ang presyo (the prices will definitely normalize)…Don’t worry our economic system is the one that will always push for competition,” Lopez said during a televised briefing.

The Trade chief explained that with the entry of new players, the high prices will eventually go back to normal.

“With all our mobilization efforts, the two months of price ceiling, kung lahat ay tulong tulong (if we work together), we can overcome this situation,” Dar also said during the same briefing.  

Dar furthered that a P600-million fund has been set aside to start the repopulation of hogs.

A financing program will also be administered by the Agriculture department, allowing market vendors’ associations in Metro Manila to avail of up to P5 million as working capital at zero-interest and payable in three to five years to help them buy pork carcasses directly from hog raisers and major agricultural commodities.

These would then be sold at reasonable prices to consumers in Metro Manila.

 
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