LKI letter to the Senate on meat prices . February 22, 2021

P.O. Box 1161, QCCPO, NCR, Philippines 1100

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February 21, 2021

Committee on Food, Agriculture and 

      Agrarian  Reform

Senate of the Philippines, Pasay City 

Subject : S R Nos . 611, 618, 619

Sir / Madam:

 We respectfully submit the following  reports and suggestions .

  1. Based on our price monitoring in the Commonwealth public market last Saturday , February 20, 2021 , liempo costs  320, 310, 300 , 300, 300; kasim costs 290,290,290, 280 and  whole chicken  is 160 in four stalls ; all in pesos per kilo . However in a satellite wet market near Commonwealth , liempo costs 380 and 390 , whole chicken is 190 and 170 and kasim  260 and 280 pesos per kilo .
  • We are  waiting for any report of the Economic Intelligencé Task Force created by the President  composed of the DTI,DA, DOJ, DILG,NBI,PNP,PCC,BOC,NSC and NICA on the allegation of price collusion ,cartel  and profiteering , and whether charges if any, against public and / or private persons have been filed with the proper authorities .
  • The implementing agencies under  the Price Act  should start to  utilize Section 9 thru the appropriation in the regular budget of a Buffer Fund for the purpose of ensuring stable supply and reasonable prices of basic necessities and prime commodities. 
  • Given the difficulty of job security as well as underemployment due to the pandemic, we may see the consumers shifting from buying meat products to other cheaper basic necessities and prime commodities  or not buying at all. With vendors stopping to sell meat products, this shift in consmer spending is not  at all  bad but very alarming because consumers right of  access  to  meat products is denied  due to high prices .

Thank you very much .

Very truly yours,

Atty. Victorio Mario A. Dimagiba, AB, LLB, LLM


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