New SRP set for agri products – DA

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Metro Manila (CNN Philippines, August 12) — The Department of Agriculture (DA) has released new suggested retail price (SRP) for some agricultural and fishery products sold in Metro Manila.

Agriculture Secretary William Dar signed Administrative Circular No. 10, series of 2020 that sets a new SRP for 11 basic and prime agricultural and

fishery commodities in the region. Among them are rice, bangus, tilapia, galunggong, pork, chicken, eggs, onion, garlic, sugar, and cooking oil.

In a statement on Wednesday, the DA said this is to protect consumers and serve as a guide for sellers especially now that the country is in the middle of a health crisis.

Setting an SRP under Republic Act no. 7581, or the Price Act, aims to ensure availability of such products without denying legitimate businesses a fair return on investment.

Under the new list, imported special rice should be priced ₱52 per kilo; premium at ₱43 per kilo; and well milled at ₱38 per kilo. The DA’s latest price monitoring show that prevailing prices of these variants in Metro Manila markets are at ₱51, ₱44, and ₱36, respectively.

Local special rice should be sold at ₱53 per kilo; premium at ₱45 per kilo; and well milled at ₱40 per kilo. Average price of these commodities are ₱50, ₱46, and ₱40 each.

As for fish products, bangus should be sold at ₱169 per kilo; tilapia at ₱120 per kilo; local galunggong at ₱140 per kilo; and imported galunggong at ₱180 per kilo. The DA reported that prevailing price for each is at ₱160, ₱120, and ₱160, while no data was provided for imported galunggong.

Pork and chicken products, pork kasim should be priced at ₱230 per kilo; pork liempo at ₱250 per kilo; whole chicken at ₱130 per kilo; and chicken egg at ₱6.5 per piece. Prevailing price in markets for these are at ₱240, ₱270, ₱140, and ₱6.5.

Meanwhile, spices, namely red onion and imported garlic should be sold at ₱100 per kilo. Average prices for these two are ₱100 and ₱80.

As for other commodities, refined sugar should be sold at ₱50 per kilo; brown sugar at ₱45; a 350-ml cooking oil at ₱25; and a one liter cooking oil at ₱50, which are the same as their latest average prices.