00:00And this is a good news for our Mami Mili,
00:02that the supply and demand of agricultural products is still strong,
00:06that's why no one is expecting an increase in its price.
00:09That's what Vell Custodio reported.
00:13No one is expecting an increase in the price of agricultural products
00:17in the coming weeks, according to the Department of Agriculture.
00:20Because the supply and demand of agricultural products is stable.
00:24Most of it, especially now, we also saw in the PSA report,
00:28the price of our agricultural products is going down now.
00:32We are looking at it because it's mostly
00:36because of the interventions that the government is also doing.
00:39The price of vegetables in the markets is also going down,
00:42especially onions and tomatoes because of the season.
00:45The regional office of the DA also marked the excess supply of tomatoes
00:50so that it won't be wasted.
00:51In the joint inspection of the DA and the Department of Trade and Industry
00:54in Balintawak Market earlier,
00:56it was seen that the price of pork belly is going down to Php 360,
01:00which is lower than the maximum suggested retail price of Php 380.
01:04The price of pork cutlet is going down to Php 340,
01:07which has a Php 360 MSRP.
01:09Even the price of Sabit Ulo is lower than Php 300,
01:12which is reaching Php 295.
01:15The DA and the travelers agreed
01:17to reduce the price of pork from Php 250 to Php 230
01:22which was followed by the travelers.
01:24It is expected that the price of pork will go down in the next few days
01:28because of the market forces.
01:30It means that if the price of pork will go down in other markets,
01:33the price of pork will also go down.
01:35Although the DA is not yet sure,
01:38the legal department is already studying
01:39what will be included in the MSRP.
01:42There will be a monthly evaluation for the pork MSRP.
01:45It just started on Monday.
01:47After one month, we will have a meeting again.
01:50Secretary Keiko had a meeting two weeks ago.
01:54Yesterday, we had a meeting with the travelers.
01:57So, please talk about it for a month.
02:01Then, we will revisit the price.
02:04Most likely, the price will go down.
02:08The supply of pork is not enough because of the rapid repopulation.
02:12The number of cases of African Swine Fever
02:14and the government's repopulation program is declining.
02:17The checkpoint's control system also helped
02:19in starting the vaccination of the African Swine Fever vaccines.
02:23When the FDA said that they will remove the modified release,
02:32what will happen is that the modified release will be commercial.
02:35So, the government will not spend anymore
02:37and this will be available.
02:39Now, we have four or five vaccines that are being tested
02:45to lower the price of the vaccines.
02:47The Ministry of Agriculture will strive to produce 200,000 doses of vaccines this month.
02:53Vel Custodio for Pambansang TV in Bacong, Philippines.
Comments