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Sugested Retail Price on pork
By J.Lo
"Farmgate price of pork slightly increased by P10 per kilo as it is sold between P180 and P190 per kilo, but this is also the day when demand of pigs in piggery is highest amid Christmas celebration," AGAP party-list Rep. Nicanor Briones said. pork industry group official pushed for implementation of suggested retail price (SRP) on pork products amid high retail prices reaching up to P400 per kilo.
Briones, also chairs farmers' group Pork Producers Federation of the Philippines, noted farmgate price ranged between P165 and P190 per kilo, but retail cost of pork in markets is overpriced by as much as P80 per kilo.
He explained farmgate price of pork was at P190 per kilo, maximum additional cost should only be between P310 and P320 for pork ham and P350 for pork liempo.
" National Economic and Development Authority (NEDA), Department of Trade and Industry and Department of Agriculture (DA) should coordinate so that they can determine how much farmgate price is…if they know farmgate price, they can determine right retail prices in markets… should implement suggested retail price in markets," Briones said.
He added instead of acting on high retail price of pork, NEDA and DA instead recommended to President Ferdinand Marcos Jr. importation of more pork.
"What they know is to suggest to the President to import more and more, that's sad reality," Briones said.
Based on monitoring of DA in 13 Metro Manila markets, retail price of pork shoulder or kasim ranged between P260 and P370 per kilo and between P300 and P400 per kilo for pork belly or liempo.
"Concerned authorities should inform consumers on right prices…in the past years, consumers were not informed about right pricing," Briones said.
He added government could not impose price cap on pork as traders would only manipulate price and sell pork at higher prices to retailers.
"There are raisers who can sell farmgate prices of P165 per kilo…on average, farmgate price is at P170 per kilo... if you add P120, average retail price of pork kasim should only be P290 per kilo," lawmaker said.
Amid development, farmgate price of egg has already dropped by P0.35 per piece amid high demand this holiday, according to United Broiler Raisers Association chairman and Philippine Egg Board chairman Gregorio San Diego.
San Diego said from P7.20 per piece at the end of November, farmgate price of eggs went down to P6.85, or decrease of P0.35.
"If this drop reaches consumers, they will have better Christmas…based on our monitoring in farms, farmgate price of medium-sized eggs at the end of November is P7.20 per piece, as of this week, cost is P6.85 per kilo," he added.
Based on DA's monitoring, retail price of medium-sized eggs even increased to as high as P9 per kilo compared to P8.50 per piece on Dec. 21, or increase of P0.50.
Drop in farmgate price of eggs can be attributed to raisers' decision to extend lifespan of layer chicken, according to San Diego.
"Since egg raisers are earning, they extend their layers. Instead of selling aging chicken, they decided not to sell them so that they will have additional income," he said.
He expects egg production will further increase in middle of 2024.
"That is why I am advising our members in case they will suffer losses anew," he said.
On the other hand, San Diego stressed while egg producers are earning, broilers are suffering losses amid slump in farmgate price and low demand.
"It is really sad that it is our first time this Christmas that farmgate price of broilers did not move… average farmgate price is P90 when our cost of production ranges between P90 and P95 per kilo," he said.
He added if slump in farmgate price of chicken persists in 2024, more raisers would suffer losses.
Despite decline in farmgate price of chicken, retail price continues to go up as it sold as high as P200 per kilo, according to San Diego.
"Our problem is that there is big difference in retail price of chicken compared to farmgate price… retail price is doubled," he said.
He added as rule of thumb, retailers should only increase farmgate price by 69 percent.
"We understand retailers need to increase more because of low demand as consumers have other spending but it's too much," San Diego said.
Amid development, DA Assistant Secretary and spokesman Arnel de Mesa said there is slight increase in retail prices of agricultural commodities this holiday season.
"We already expect slight increase in agricultural commodities, especially with t high demand for Christmas many are buying in markets and groceries," De Mesa said.
He added upward trend in supplies of food products is just temporary and is expected to prevail until New Year celebration.
"Good news is that t supply of agricultural commodities is very stable in entire country," De Mesa said.
DA particularly recorded increase in retail price of chicken, according to the official.
"Retail price has slightly increased as from P180 to P185 per kilo in the last few days, it went up," he said.
He added DA is continuously monitoring retail prices and supply of agriculture products.
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