Asa ka pa! Piñol hopes more signs on farm goods SRPs will stop profiteering
Agriculture Secretary Emmanuel Piñol planning to display more tarpaulins showing suggested retail prices of agricultural products in markets to curb profiteering.
“SRP information shown in those tarpaulins will help guide consumers accordingly,” he said at the 120th-anniversary celebration of the Department of Agriculture on Monday.
Piñol said the idea of hanging tarpaulins was raised by an online follower of his.
“It’s a good idea,” he remarked.
Through an administrative circular Piñol issued on Monday, the DA is setting caps to certain food item prices in Metro Manila, mainly fish and rice, to protect consumers against unscrupulous traders.
The price caps will take effect after publication of the DA directive in major newspapers.
Raising public awareness about SRPs can be one deterrent against profiteering, Piñol said.
The DA has set SRPs for regular milled rice (P39/kilo), medium to big milkfish of two to five pieces per kilo (P150/kilo), medium-sized tilapia of six pieces per kilo (P100/kilo), medium galunggong of 11 to 20 pieces per kilo (P140/kilo), red onion (PHP95/kilo), white onion (P75/kilo), imported variety garlic (P70/kilo), and local variety garlic (P120/kilo).
“Selling prices of such commodities must not exceed 10 percent of the SRPs or violators will be charged with profiteering,” Piñol said.
Violators face imprisonment and fine of up to around P1 million.
Piñol added that SRPs in Baguio and other regional centers nationwide might also be set to ensure the availability of affordable food for Filipinos.
Having SRPs is a way to prevent retail prices from soaring out of control, he noted. (PNA)