Impose SRP for pork and chicken – LKI

Authorities should impose suggested retail prices for pork and chicken to protect the public from shady price behaviors, says Laban Konsyumer Inc. on Monday. GMA NEWS
Authorities should impose suggested retail prices for pork and chicken to protect the public from shady price behaviors, says Laban Konsyumer Inc. on Monday.

WHILE the holiday season is practically just around the corner and the African Swine Fever epidemic rages, a consumer group on Monday said that authorities should impose suggested retail prices (SRPs) for pork and chicken to protect the public from shady price behaviors.

Farm gate prices of hogs plummeted to P100 to P110 per kilo from the previous price range of P126 to P128 per kilo, but its retail price remains “irrationally” high, according to Laban Konsyumer Inc. (LKI).

“Given the erratic logic of how pork and chicken retail prices behave, Laban Konsyumer calls for the immediate imposition of an SRP for the duration of the epidemic up to the end of the holiday season. This will give consumers a breathing spell on high prices of pork and chicken,” said LKI president Vic Dimagiba.

Laban Konsyumer cited government data showing that the prevailing price of pork remained at P230 per kilo from Sept. 30 to Oct.19, despite the low farm gate price.

“Retail prices should hover from P160 to P170 a kilo using the farm gate prices plus P60 a kilo industry benchmark,” Dimagiba noted.

He pointed out that traders are keeping extra savings because diesel prices have been “relatively calmer” in past weeks. (GMA News)

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