Spikes in pork prices prompt DA to mull over an MSRP

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THE Department of Agriculture (DA) is mulling over imposing a maximum suggested retail price (MSRP) on pork amid persistent high prices.

Pork shipments accounted for the largest share of the country’s meat imports in the reference period as it rose by 21.98 percent to 671,561 MT from the 550,539 MT recorded last year.

He noted that there were ASF outbreaks in Southern, Central Luzon, Visayas, and Mindanao around June to August last year and most farms depopulated, leading to a tight supply.“Farmers are likely recovering from their losses, which is why the [farmgate] prices have slightly increased,” Ng said.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: Philippines

Topics: Kilo Msrp Retail Maximum Farmgate Prices Pork Meat Price Belly Agriculture

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 17:04:38 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 593 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 25585656

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