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February 9, 2021

MMDA Vows for Uniformed Efforts to Ensure Strict Price Cap Implementation

The Metropolitan Manila Development Authority, together with the Department of Agriculture (DA) and Department of Trade and Industry (DTI) today inspected wet markets and supermarket in Quezon City and Mandaluyong to monitor price cap among retailers amid hog supply shortage.

MMDA Chairman Benhur Abalos, Agriculture Secretary William Dar, and Trade Secretary Ramon Lopez conducted price monitoring at Mega Q Mart and Commonwealth Market in Quezon City and SM Hypermarket in Mandaluyong.

The MMDA Chairman vowed for the implementation of standardized measures on all local government units to ensure that price ceiling will be implemented across all markets in the metropolis.

“What is important is the coordination and concerted efforts of the national government and the local government units in Metro Manila to make sure that the price of pork and chicken is within the implemented price cap,” Abalos said.

The MMDA Chief is eyeing to convince the 17 local chief executives of NCR waive daily rental fees among market retailers in the Metropolis who don’t sell meat products for the day because of the shortage – a proposal from Quezon City Mayor Joy Belmonte.

“We are coordinating with the national government and monitoring daily feedback from traders, market masters, and local government units, to normalize the supply and retail prices the soonest time possible,” he explained.

“We will sit down with the metro mayors to discuss measures on assisting hog retailers to cushion the impact of supply shortage,” Abalos said.

He also lauded the DA and DTI efforts to provide loan assistance to market vendors.

Dar, for his part, said that they are mobilizing live hogs and pork products in Visayas and Mindanao and subsidizing transportation costs to address the problem in supply and retail prices.

DA and DTI both agreed to set a suggested wholesale price for pork at P235 per kilo for the retailers to sell pork products within the price ceiling of P270 per kilo for kasim and P300 per kilo for liempo.

Further, Lopez said that the DTI is also planning to set separate price cap on imported pork products and will likely be lower than the current ceiling of fresh meat.

During today’s market visit, there is scarcity of supply in fresh pork products in Mega Q Mart while prices imposed in Commonwealth Market are within the price cap. Meanwhile, the supermarket in Mandaluyong is selling pork below the price cap.

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MMDA Chairman Benhur Abalos joins Secretaries William Dar (Agriculture) and Ramon Lopez (Trade and Industry) in a series of market visits today to monitor implementation of price ceiling being imposed on pork and chicken products. Retail vendors are following the price cap amid supply woes but the national government is optimistic the situation will normalize soon.

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