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No extension of 60-day price cap on pork — Agriculture department

The government will no longer extend current price caps on pork once they expire, and would instead implement a suggested retail price (SRP) on imported pork in a bid to tame inflation......»»

Category: newsSource: philstar philstarApr 7th, 2021

270,000 hogs delivered to Metro Manila during price cap implementation

Over 270,000 hogs were delivered to markets in Metro Manila in two months, in line with the Department of Agriculture (DA)’s effort to augment supply and stabilize pork prices in the market......»»

Category: newsSource:  philstarRelated NewsApr 9th, 2021

DA open to higher pork price ceiling

The Department of Agriculture is open to raising the price ceiling of pork products, as it studies suggestions from the pork sector......»»

Category: newsSource:  philstarRelated NewsFeb 25th, 2021

‘Pork holiday’ looms in Metro Manila

MANILA, Philippines — An agricultural group has pressed the Department of Agriculture (DA) for support to hog raisers battling steep production and transport costs amid calls by traders and vendors for a “pork holiday” to protest price ceilings on pork and chicken in Metro Manila starting Monday. “Transport costs have ballooned, with the pork coming […] The post ‘Pork holiday’ looms in Metro Manila appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2021

EDITORIAL - Capping pork prices

Amid protests from meat producers and retailers, the Department of Agriculture deferred to Feb. 8 the price caps imposed by President Duterte on pork and chicken products......»»

Category: newsSource:  philstarRelated NewsFeb 2nd, 2021

Rody mulls over food price freeze

President Rodrigo Duterte will act on the Department of Agriculture’s proposal to impose a price ceiling on pork and other food products in a bid to temper the soaring retail prices of farm commodities, Malacañang said Tuesday......»»

Category: newsSource:  thestandardRelated NewsJan 26th, 2021

DA seeks price ceiling on pork products

The Department of Agriculture is seeking President Duterte’s approval to impose a price ceiling on pork products to as low as P270 per kilo, as consumers continue to feel the pinch of rising food costs......»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2021

Farmers slam extension of rice import permit

A group of farmers on Tuesday asked the Department of Agriculture to reconsider the decision extending the validity of rice import permits which they said will further depress the price of local harvests......»»

Category: financeSource:  thestandardRelated NewsDec 29th, 2020

Pork SRP raised due to shortage

The Department of Agriculture has adjusted upward the suggested retail price (SRP) for pork products as the African swine fever (ASF) continues to pull down the country’s supply of the commodity......»»

Category: newsSource:  philstarRelated NewsOct 29th, 2020

DA to probe pork traders

The Department of Agriculture is investigating the possibility of cartels and traders withholding the release of pork in the market to artificially raise the retail price of the product......»»

Category: newsSource:  philstarRelated NewsOct 25th, 2020

Hoarding probed amid costly pork

Possible hoarding of pork to create an artificial price spike is being probed by the Department of Agriculture (DA) as the agency raised the possibility of a collusion among hog traders in the runup to the Christmas season. In a statement, the DA disclosed that that there is a significant inventory of both locally-slaughtered and […] The post Hoarding probed amid costly pork appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 25th, 2020

Rice farmers seek bigger financial aid

The one-time financial assistance that the Senate directed the Department of Agriculture (DA) to provide to rice farmers amid the declining prices of palay would not be enough, a group of rice farmers said. (MB file, Keith Bacongco) Federation of Free Farmers (FFF) National Manager Raul Montemayor said rice farmers have lost an average of P10,000 per hectare in the ongoing cropping season due to severely depressed palay prices.   This was his response to the joint resolution recently passed by the Senate Committees on Agriculture and Agrarian Reform, which ordered the DA to appropriate some P3 billion in tariffs from rice imports through the 2021 national budget for cash aid to rice farmers. Under the Rice Tariffication Law (RTL), which allowed unlimited rice importation in the Philippines, tariff collections in excess of P10 billion per year can be used for additional support to farmers, including cash transfers. FFF, however, noted that the proposed appropriation would only provide P5,000 per farmer if distributed to some 600,000 farmers tilling one hectare or less.   If the actual number of qualified farmers is raised to 1.1 million, the subsidy would only amount to about P2,700 per farmer. Either proposal will be unfair to equally affected rice farmers tilling larger areas, the farmers’ group said.   Instead, Montemayor said the government could keep palay prices stable by temporarily imposing safeguard duties or additional tariffs on imported rice. “The government allowed unlimited rice imports, resulting in low palay prices.  Now, it will spend P3 billion to partially offset farmers’ losses. If it had instead imposed additional duties on imports, palay prices would not have dropped too much, there would have been no need for cash aid to farmers, and the government might have even earned extra revenues from the safeguard duties,” said Montemayor. Under the Section 10 of RTL or Republic Act (RA) 11203, in order to protect the Philippine rice industry from sudden or extreme price fluctuations, a special safeguard duty on rice shall be imposed in accordance with Safeguard Measures Act.   R.A. 8800 or the Safeguard Measures Act, on the other hand, allows additional safeguard duties on top of regular tariffs in case an import surge is shown to be harmful to local farmers.   “Safeguard duties will not be inflationary as claimed by the DA, because they will be applied only when there is already a proven oversupply in the market.  They can be removed once the situation stabilizes,” said Montemayor. Agriculture Secretary William Dar is not keen on slapping additional tariff on rice imports, and has repeatedly appealed for public understanding about the “short-term” effects of RTL to palay prices. However, he promised to look for other solutions to the plea of the farmers like asking the National Food Authority (NFA), which buys palay at P19 per kilogram (/kg) to boost the government’s buffer stock, to intensify its palay procurement.   Instead of cash aid, the FFF proposed that existing funds from the Rice Competitiveness Enhancement Fund (RCEF) and extra tariff collections be re-focused to address current problems of farmers.   It noted that half of farmers receiving free seeds under the RCEF had already been using certified seeds in the past, and that many were seeking other types of support that were not available under RCEF.   Numerous farmers have also questioned the DA’s promotion of seed varieties like NSIC Rc222, which is of poor quality and are being shunned by traders. “Also, the P5 billion annual fund for mechanization is not moving well, and it might be more practical at this time to preserve job opportunities for farm laborers instead of displacing them with machines,” Montemayor said.   “Moreover, the P1 billion budget for extension and training could be realigned, considering that farmers cannot attend training activities due to COVID-related restrictions. The P1 billion for credit could be better used for interest rate subsidies or loan guarantee programs, instead of direct loans which will benefit only 20,000 farmers,” he added......»»

Category: lifestyleSource:  abscbnRelated NewsOct 19th, 2020

DA sets higher SRP for pork…

The Department of Agriculture has adjusted the suggested retail price for pork products as the African swine fever has taken its toll on the country’s supply of the commodity......»»

Category: newsSource:  philstarRelated NewsJul 2nd, 2020

Philippine pork production seen falling 40% to pre-ASF level

Despite a projected increase in global pork production this year, the Philippines’ pork output is seen to decline nearly 40 percent than its production prior to African swine fever, according to the United States Department of Agriculture......»»

Category: financeSource:  philstarRelated NewsJul 14th, 2021

Philippines pork imports may reach 425,000 MT this year — USDA

The Philippines is expected to import over 400,000 metric tons (MT) of pork this year, driven by improved market access, according to the United States Department of Agriculture......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2021

Government working on new SRP for imported pork

The government will set a new suggested retail price for imported pork possibly this week, Agriculture Secretary William Dar said yesterday......»»

Category: newsSource:  philstarRelated NewsMay 8th, 2021

DA: Revised SRP on imported pork out next week

The government is set to update next week the suggested retail prices of imported pork based on new tariffs set by authorities, the Department of Agriculture said Saturday. In a televised briefing, Agriculture Secretary William Dar said the suggested retail prices of imported pork would be modified following the tariff adjustment recently proposed by his […] The post DA: Revised SRP on imported pork out next week appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 8th, 2021

Agriculture groups ask Duterte to stop MAV hike

Various agriculture associations have banded together to appeal to President Duterte to reject the Department of Agriculture‘s plan to increase the minimum access volume and reduce tariffs on pork, saying such measures will negatively impact the industry......»»

Category: financeSource:  philstarRelated NewsApr 7th, 2021

Hog deliveries breach 250,000 mark

Over 250,000 hogs have been delivered to markets in Metro Manila in almost two months, in line with the Department of Agriculture’s effort to augment supply and stabilize pork prices in the market, according to the DA......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2021

Higher tariff on pork imports put on hold

The proposal of the Samahang Industriya ng Agrikultura to increase tariff on pork imports has been put on hold by the Tariff Commission until the petition of the Department of Agriculture has been resolved......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2021

DA bans poultry, pork imports from 4 countries

The Department of Agriculture is temporarily banning poultry imports from three more countries as well as pork products from Malaysia due to reported cases of the avian virus and African swine fever......»»

Category: newsSource:  philstarRelated NewsMar 24th, 2021