Senator Bong Go on Monday lauded President Rodrigo Duterte for issuing Executive Order 124 which seeks to curb the rising prices of pork and chicken products by imposing a price ceiling.
Upon Go’s appeal and based on the recommendation of the Department of Agriculture, the price ceiling will be implemented within the National Capital Region for a period of 60 days.
“Huwag po natin hayaan na may mamamatay sa gutom. Kaya hinihikayat ko ang mga kasamahan ko sa gobyerno na gawan ng paraan at magtulungan para sa kapakanan ng mga Pilipinong hirap na hirap na talaga. Pagaanin natin ang kanilang pinapasan at huwag natin silang mas pahirapan pa,” Go emphasized.
Under Section 7 of Republic Act 7581 or the Price Act, the President, upon recommendation of an implementing agency, such as the Department of Agriculture, may impose a mandated price ceiling over any basic necessity or prime commodity under circumstances causing an unreasonable increase in the price of such goods.
“Kinokomendahan ko po ang pag-issue ng Pangulo ng EO na ito upang itigil ang tuluy-tuloy na pagtaas ng presyo ng pagkain. Kailangan natin itong solusyonan lalong-lalo na sa panahon ngayon na marami pong mga kababayan natin ang nawalan ng trabaho,” Go said.
“Wala na nga pambili ng pagkain ang mga kababayan natin, tataas pa ang presyo. Mas lalong mahihirapan ang ordinaryong Pilipino,” he added.
Under the EO, the price ceiling will remain in full force and effect for 60 days, unless extended by President Duterte upon the recommendation of the DA.
Meanwhile, the Office of the Executive Secretary said that the price ceiling will not result in undue diminution of meat traders’ expected income considering that the reduction rates are not greater than 25 percent of the prevailing market price.
Notably, the break-even point for selling pork is only around P105.00.
The National Agriculture and Fisheries Council has also expressed its support for the price ceiling as reflected in a resolution. The NAFC Resolution signified that the price ceiling bears the support of various stakeholders, including those from the private sector.
The imposition of price ceiling seeks to ease the adverse impact of Covid-19 and ensure that pork and chicken remain affordable and accessible to the public, and prevent unwarranted price manipulation.
Source: Latest Politics News Today (Politics.com.ph)
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