Supermarket Owners Advised by DTI to Reduce Meat Prices Amid Price Ceiling
The Department of Trade and Industry ordered the supermarket owners to cut the price of meat products amid the implementation of price ceiling.
On Tuesday (February 16, 2021), DTI Undersecretary Ruth Castelo urges the supermarket owner to reduce the prices of meat and meat products amid President Duterte’s implementation of price ceiling.
Castelo suggested the supermarket owners to lower the prices of meat than the suggested retail price. The prices of pork meat continue to increase due to the effects of African swine fever.
“We are trying to convince supermarket owners if they can bring the prices of meat and meat products lower than the suggested price or the price ceiling imposed by the President,” Castelo said.
President Rodrigo Duterte signed the Executive Order No. 124 imposing a 60-day price ceiling on pork and chicken products throughout the Metro Manila. The price cap suggests P270 per kilo of kasim and pigue, P300 per kilo of Liempo, and P160 per kilo of dressed chicken.
Meanwhile, Presidential spokesperson Harry Roque said that the imported pork costs P114 per kilogram including its tariff while local pork meat could be costs P171 per kilo. DTI is also planning to impose some policy on imported meat products.
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