Pork retail price down by P10/kilo

MANILA, Philippines —  The retail price of pork dropped by P10 per kilo amid the implementation of the maximum suggested retail price (SRP) for pork products.

However, the price is still above the P350 and P380 per kilo set by the Department of Agriculture (DA) for pork shoulder and pork belly, respectively, as the retail price remains high at P470 per kilo.

Based on the monitoring of the DA in Metro Manila markets, pork shoulder is sold between P340 and P410 per kilo and pork belly, between P390 and P470.

The maximum SRP for pork products took effect on March 10 after the farm commodity reached P480 per kilo.

Aside from the maximum SRP for pork shoulder and pork belly, the price of “sabit ulo” was capped at P300 per kilo.

Agriculture Assistant Secretary Arnel de Mesa has said that the DA would seek police help to ensure compliance by retailers with the price cap.