PDU30 issuing EO for commodity price cap

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TAKING cue from public outrage over skyrocketing prices of meat products, Malacañang hinted at an imminent price cap that will curb the runaway costs of these products, particularly chicken and pork.

No less than presidential spokesperson Harry Roque made the confirmation that President Rodrigo Duterte would soon be issuing an executive order to address the escalating prices of meat products in the market.

The agriculture department earlier urged President Rodrigo Duterte to set a price ceiling on these goods. Supply shortages due to the African swine fever (ASF) and financial difficulties of broiler raisers have been blamed for the escalating prices of pork and chicken, respectively.

“It’s, I think, forthcoming. Pero hindi ko pa po nakikita ang pirmadong EO (executive order),” said Palace spokesman Roque.

The government also has a program in which it buys pork and chicken directly from farms, and sell these at a lower price, he told reporters in an online briefing.

Authorities are also sourcing pork from ASF-free areas in Visayas and Mindanao to boost the Luzon supply, he said.

“Huwag po kayong mag-alala. Si [Agriculture] Secretary [William] Dar ay dalubhasa naman po sa agricultural economics at gagawin niya po ang dapat gawin para mapababa ang mga presyo ng bilihin,” said Roque.

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