Meat prices breaching caps: Consumer group

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    Consumer group Laban Konsyumer Inc. (LKI) is calling for stronger monitoring of prices of pork and chicken in the market, citing reports some retailers are selling these products abovw the suggested retail price (SRP).

    Vic Dimagiba, LKI president, said prevailing retail prices of pork are at P260 to P270 per kilogram which were above the adjusted SRP last month of P230 and P250 per kg.

    “We call on the proper authorities to observe the prices of these farm (products) as we push for lower prices especially during this time of pandemic and lockdown. Right now, our Filipino consumers are struggling to make ends meet and may find it very challenging and difficult to come up with the funds to buy pork and chicken to feed their families,” he said.

    Dimagiba said based on communications with Ernesto Gonzalez, Department of Agriculture (DA) undersecretary, price of pork tends to go higher because of shortage in supply but this is stabilizing as more pigs are being brought in from Visayas and Mindanao.

    Dimagiba said farm gate prices of chicken also do not align with existing SRP which should be lower than P130, as data from the United Broiler Raisers Association (UBRA) show that as of August 4, farm gate has gone down to P55 to P60 per kg.

    LKI quoted Bong Inciong, UBRA president, as saying even if imports are flooding the market, there is not much impact on retail prices. SRP should even be lowered to P110 or P120 per kg. as imported leg quarters are landing at P62 to P68 per kg. compared to the local cost to produce at P72 to 78 per kg. live, Inciong said.