food prices

Duterte approves 60-day price ceiling for pork, chicken

Ralf Rivas

RISING PRICES. A wet market in Quezon City.

File photo by Darren Langit/Rappler

Executive Order No. 124 aims to slash a third of pork prices for at least 60 days, as Filipinos find it more difficult to buy food amid the recession

President Rodrigo Duterte approved an executive order (EO) setting a price ceiling on pork and chicken.

EO No. 124, signed on Monday, February 1, imposes the following price range limits for 60 days:

  • Pork (pigue) – P270 per kilo
  • Pork liempo – P300 per kilo
  • Dressed chicken – P160 per kilo

The EO was proposed by the Department of Agriculture (DA), as pork prices soared to as high as P450 per kilo in January, which is already around the same price of premium beef.

The hog industry struggled with supply due to outbreaks of African swine fever, as well as constraints in capital amid the coronavirus-triggered recession.

Agriculture Secretary William Dar said traders manipulating prices are the ones to blame for the price hikes in recent months.

Along with the price ceiling, the DA also proposed lower tariffs on pork imports to tame prices.

However, some senators have questioned the proposal, saying that it would hurt the local industry. – with reports from Pia Ranada/Rappler.com

Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.