00:00It is expected that the Department of Agriculture will finish its study in two weeks
00:05on the establishment of the Maximum Suggested Retail Price for pork
00:09so that it can reach those who will buy it.
00:12This is Harley Valbuena at the center of the news.
00:17The Department of Agriculture is already studying the possible establishment
00:21of the Maximum Suggested Retail Price or MSRP for pork.
00:26In a press briefing in Malacanang, Agriculture Secretary Francisco Chulaurel Jr.
00:32questioned the current price of pork per kilo of pork at P380 to P480
00:38among the families.
00:39Now, its farm gate price is only playing at P240 to P250.
00:45The secret says that the price of meat is not acceptable
00:49if it exceeds P400.
00:52According to this, the entire value chain of pork is also at stake
00:57and if proven to have profit-earing, the DA will immediately establish the MSRP.
01:04We're currently studying that and digging deep into the entire value chain of pork
01:09to see if there is really profit-earing or not.
01:14If we have identified that there is profit-earing,
01:17then definitely we will be doing an MSRP also for pork.
01:22The study is expected to be completed within two weeks or by the end of February
01:27and the DA will first consult all stakeholders in the pork industry
01:32from pork farmers to retailers.
01:35Meanwhile, in cooperation with the National Bureau of Investigation,
01:40the DA is also investigating the possible potential or potential
01:44MSRPs that resulted in extraordinary prices
01:49in the declaration of the Food Security Emergency on Rice.
01:53Harley Valbuena for Pambansang TV in Bagong, Philippines.
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