00:00The Department of Agriculture is set to establish a minimum farm gate price of 210 pesos for pork this year.
00:07This to save the struggling swine industry from mounting financial losses.
00:11According to local hog farmers and producers, the price of live hogs has dropped from 180 to 150 pesos per kilo,
00:19which is almost insufficient to recover production costs.
00:22Meanwhile, Agriculture Secretary Francisco Tiu Laurel Jr. said that although the farm gate prices for pork have dropped, its market price remains steady.
00:33At the same time, the DA and pork industry suggest to restore the pork import tariff to 40 percent from the current 25 percent under Executive Order 62.
00:42After the implementation of the maximum farm gate price, the DA also plans to set a maximum suggested retail price or MSRP for pork to carefully balance profitability across the supply chain and for consumer protection.
00:58The DA at mga local hog producers na mag-establish ng minimum farm gate price na 210 pesos per kilo for live hogs.
01:10Ito yung buhay na baboy para tulungan yung mga magbababoy na makarecover dun sa kanila mga losses.
01:16Yung farm gate kasi for the last how many years ay bumaba yan from 150 to 180 pesos per kilo.
01:23So, ang cost to produce kasi nasa mga 180 na eh, 170 to 180, so para makarecover sila.
