00:00The Agriculture Department and DTI inspected the Balintawak Market to verify that the sellers of MSRP in pork are following suit.
00:11The DA also verified that the price of agricultural commodities will not drop in the coming weeks.
00:18This is Vell Custodio of PTV Manila with the national news. Vell.
00:23Alad, the price of pork in the Balintawak Market is lower than the maximum suggested retail price.
00:30In the joint inspection of the Department of Agriculture and Department of Trade and Industry in the Balintawak Market earlier,
00:36it was found that the price of pork in the Balintawak Market is lower than the MSRP of P380.
00:43The price of pork in the MSRP of P340 is lower than the MSRP of P360.
00:49Even though the MSRP of P300 is lower than the MSRP of P255.
00:55The DA and travelers agreed that the price of pork in the Balintawak Market is lower than the MSRP of P230.
01:04It is expected that others will follow suit because of the market forcing.
01:07This means that if the price of pork in some markets starts to drop, others will also drop.
01:13The supply of pork is also adequate because it speeds up the repopulation and in vaccinating against African swine fever.
01:20Even though the Department of Agriculture and Department of Trade and Industry is not easily affected,
01:24the legal department is already studying what to do to fight MSRP.
01:29There will be a monthly evaluation of the DA to support MSRP.
01:35It started on Monday and after one month, we will have a meeting again.
01:40Secretary Keiko had a meeting two weeks ago.
01:44Yesterday, we had a meeting with the travelers.
01:47So, please talk first.
01:50This month, we will revisit the price and most likely, the price will still drop.
02:01The price of vegetables in the market is also dropping, especially onions and tomatoes,
02:06because of the entry of hexapetone.
02:08The regional office of the DOH market-linked the supply of tomatoes so that it won't be wasted.
02:14According to the DA, the price of agricultural products is not expected to increase in the next few weeks
02:20because of the stable supply and demand.
02:22From People's Television Network, Vel Custodio, Balitang Pambansa.
02:28Thank you very much, Vel Custodio of PTV.
