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Duterte sets price cap on pork, chicken

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/news/01/28/20210121-qmart-produce-prices-md-7491.jpg?ext=.jpg"/><figcaption>Beef, pork, and chicken are sold at Nepa-Q Mart in Quezon City on Jan. 21, 2021, amid rising prices of basic goods. <em>Mark Demayo, ABS-CBN News</em></figcaption></figure></div><p>MANILA <strong>(UPDATE)</strong> – President Rodrigo Duterte on Monday ordered a price cap on pork and chicken products in Metro Manila following public lament on the rising cost of these food items.</p><p>Executive Order No. 124 sets a price ceiling of P270 per kilogram for kasim and pigue, P300 per kilogram for liempo, and 160 per kilogram for dressed chicken in the National Capital Region for 60 days.</p><p>“The current retail prices of basic necessities in the National Capital Region such as pork and chicken have increased significantly, causing undue burden to Filipinos, especially the underprivileged and marginalized,” the order read.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">READ: Executive Order 124 imposing a 60-day price ceiling on pork and chicken products in Metro Manila | via <a href="https://twitter.com/pia_gutierrez?ref_src=twsrc%5Etfw">@pia_gutierrez</a> <a href="https://t.co/fg97FCEycR">pic.twitter.com/fg97FCEycR</a></p>— ABS-CBN News (@ABSCBNNews) <a href="https://twitter.com/ABSCBNNews/status/1356107387237584897?ref_src=twsrc%5Etfw">February 1, 2021</a></blockquote><div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script></div><p>Officials have blamed <a href="https://news.abs-cbn.com/business/01/07/21/pork-chicken-prices-rise-as-supplies-fall-in-luzon">escalating prices</a> of pork and chicken on supply shortages prompted by the African swine fever and financial difficulties of broiler raisers, respectively.</p><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/DtwHVR48YyE?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><p>Last week, Agriculture Secretary Willaim Dar said his agency was studying tripling pork imports to increase the local supply.</p><p>Duterte, meanwhile, extended <a href="https://news.abs-cbn.com/business/01/18/21/duterte-keeps-lower-tariffs-on-some-poultry-products-until-2022">lower tariff rates</a> on certain imported poultry products until 2022.</p><p>Rising food prices, along with high transport costs pushed Philippine inflation in December to quicken to 3.5 percent, the highest inflation rate since February 2019’s 3.8 percent.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/05/21/inflation-quickens-to-35-percent-in-december">Inflation quickens to 3.5 percent in December as food, transpo costs spike</a></li></ul><p>In November, the country’s inflation rate had already jumped to a 21-month high of 3.3 percent due to higher food prices following the devastation left by a series of storms and typhoons.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/04/20/ph-inflation-quickens-to-33-pct-in-november">PH November inflation quickens to 21-month high on higher food prices</a></li></ul><p>At the start of the year, the Bangko Sentral ng Pilipinas said inflation was the least of its worries, deeming the spike in food prices as transitory.</p><p>But last week, the BSP raised its inflation forecast for the month to range of 3.3 percent to 4.1 percent.</p><p>Official inflation figures are expected to be released on Friday. </p><div><strong>– With reports from Jamaine Punzalan and Pia Gutierrez, ABS-CBN News</strong></div>

<p>President Rodrigo Duterte on Monday set a price cap on key food items following public lament on their runaway cost. </p>

President Rodrigo Duterte on Monday set a price cap on key food items following public lament on their runaway cost.