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NewsTranscript
00:00Today is the first day of the implementation of the Maximum Suggested Retail Price for pork in Metro Manila under the decree of the Department of Agriculture.
00:14Will it be implemented?
00:16Live from Manila, we have on the spot Mackie Polido. Mackie?
00:23In San Andres Market in Manila, the Maximum Suggested Retail Price to MSRP for pork is not yet implemented, particularly for pork, pig, and pork rinds.
00:33According to Market Master, the Department of Agriculture has not yet issued a memo that can be shown to meat vendors.
00:40They are waiting for this memo on MSRP before they implement it.
00:44Meat vendors in San Andres Market said that if the Department of Agriculture will force MSRP of P380 per kilo for pork and P350 per kilo for pork rinds,
00:56they will just close their stores.
00:58It's a loss in that price.
01:00The drop in MSRP is still expensive.
01:02According to a wholesaler store, the drop in MSRP is P315 to P320 per kilo.
01:09They need a drop of P60 per kilo.
01:12So that there will be a payment for food, for the place, for the plastic they use, electricity and water.
01:19At least, there will be a way to go home.
01:22According to the Manila Meat Dealers Association, these are the traders that we should call.
01:26The Department of Agriculture should not involve traders and retailers because the farm gate is still expensive.
01:34It's still playing at P255 to P265 per kilo.
01:40For them to cover their operational expense, they will drop it to P315 per kilo.
01:46That's the drop in the market.
01:48That's why the retailers will be at a loss.
01:50We will check with other markets Connie.
01:54Thank you for the update Macky Pulido.