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LKI PRESS STATEMENT 2020-058
SEPTEMBER 6, 2020
LABAN KONSYUMER SEES NARROWING OF GAP OF FARM GATE AND RETAIL PRICES OF PORK AND CHICKEN
Consumer Group Laban Konsyumer Inc. (LKI) called once again for closer price monitoring of pork and chicken, saying “there must still be close and careful monitoring but at least farm gate prices and retail prices have narrowed the gap. We have checked the retail prices based on PSA Data. Looking at the data below, the lower 2.4 percent inflation in August is mirrored in meat retail prices
All in kilos . on retail prices , it is Low at 105 pesos for chicken and 240 pesos for liempo. Prevailing prices are 140 pesos for chicken and 270 pesos for liempo.
For chicken farm gate prices offsize we are looking at 58 pesos while regular size is 62 pesos and prime size is 65 pesos.
Pork farm gate prices in Central and Southern Luzon provinces are from 140 to 155 pesos.
Chicken SRPs stay at 130 pesos while kasim and liempo were recentky adjusted higher to 230 -250 pesos a kilo .
From the consumer group angle, we call on the proper authorities to continously observe the prices of these farm animals, as we push for lower prices especially during this time of pandemic and lockdown. Right now, our Filipino consumers are struggling to make ends meet and may find it very challenging and difficult to come up with the funds to buy pork and chicken to feed their families.
LKI President Atty. Vic Dimagiba said in a recent statement “a few weeks back, based on our monitoring of the PSA data, as well as the SRP figures, we saw that Chicken SRP is 130, and based on the farm gate it can be 110. Pork retail prices are over the SRP which were adjusted higher last month. The farm gate of chicken do not align, as the SRP can be lower than 130. Regarding pork, we saw that it was 30 to 40 pesos above the SRP.”
Dimagiba concluded by saying “for the protection of consumer welfare, we will continue to monitor and observe the prices of chicken and pork and assess if these are the lowest costs possible for consumers and if there are opportunists profitering from the pandemic situation. Right now priority should be making basic food like pork and chicken most accesible to all the needy, poor and the marginalized, especially, as we are all trying to get our bearings together stepping into this new normal, and jobs and careers are sadly being lost as we speak.”