The validity of Executive Order (EO) 124, which imposed a price ceiling on pork and chicken in Metro Manila, will end this week, and the government and private sector have two completely different sentiments about its effectiveness. For one, Noel Reyes, the spokesperson of the Department of...
Despite the tightness in supply, the Philippine government is targeting to bring down the farm-gate price of pork in the country to P165 to P170 per kilogram (/kg), which is nearly double the commodity’s current retail cost of around P350/kg recently recorded at select markets in Metro Manila....
Even if the implementation of a price freeze on farm commodities from November to December failed to stop the cost of pork and chicken from rising, the government is still keen on resorting to the same strategy, which is hoped to be finalized within the week. In a virtual briefing on Monday,...
President Rodrigo Duterte has ordered to retain the 5 percent tariff on mechanically deboned meat (MDM), a decision in favor of the local meat processors to the dismay of local raisers. President Duterte issued Executive Order (EO) 123 to keep the tariff on MDM low at 5 percent, instead of...