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Wednesday, April 24, 2024

Duterte imposes 60-day price cap on pork, poultry products in NCR

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PRESIDENT Duterte signed on Monday Executive Order 124 imposing a price ceiling for pork and poultry products in Metro Manila. 

Under the two-page issuance, the following pork products will have their prices capped at the following rates: kasim/pigue, P270 per kilo; and liempo, P300 per kilo. 

It also imposed a price ceiling for dressed chicken, at P160 per kilo. 

EO 124 will remain valid for 60 days upon its effectivity after its publication. 

Duterte said he signed the new issuance to ensure said food items remain affordable as the country continues to reel from the economic slowdown caused by the Covid-19 pandemic. 

Image credits: Nonoy Lacza

Read full article on BusinessMirror

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