Philippine Department of Agriculture: Bicol issues price cap for pork, beef, chicken products

Published 2021년 5월 14일

Tridge summary

The Department of Agriculture (DA) in the Bicol region has imposed a price freeze on all basic agricultural commodities in response to the African swine fever outbreak and the state of calamity declared by President Rodrigo Duterte. The price freeze, in effect for 60 days, prevents retailers from changing prices and requires them to adhere to the price caps set by the DA. Violators could face an administrative fine of up to PHP1 million and a maximum of 10 years in prison. The price cap ranges for different commodities are also specified in the report.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

LEGAZPI CITY – After President Rodrigo Duterte placed the country under a state of calamity due to the African swine fever (ASF) outbreak early this week, the Department of Agriculture (DA) 5 (Bicol) has ordered a price freeze covering all the basic agricultural commodities across the region. In an interview on Friday, Emily Bordado, DA-5 spokesperson, said the order issued on Wednesday disallowed retailers from changing their prices and mandated them to stick to the price caps issued by their office for every city and province in the region. "Section 6 of Republic Act 7581 or the Price Act of 1992 states that all basic necessities with reference to agricultural crops, meat, and poultry, in an area proclaimed under a state of calamity or under an emergency, shall be automatically frozen," Bordado said. With the declaration, the prices of basic commodities in the cities and provinces would be "frozen" for 60 days, she said. Bordado added that retailers found selling at more than ...
Source: Pna

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