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Jun 25, 2018 @ 11:35

SRP for 8 food items in Metro Manila are now effective

Agriculture Secretary Emmanuel Piñol said the Department of Agriculture (DA) will enforce starting today the agreed suggested retail prices (SRP) for rice and other fresh agriculture and fisheries commodities in Metro Manila markets.

In a meeting presided by Piñol, the Philippine Council for Agriculture and Fisheries’ Advisory Special Bodies, other industry stakeholders, and concerned government offices validated and set the SRPs for rice, onion, garlic, and fish (tilapia, round scad or galunggong, and milkfish).

The new price points are:

– Ordinary Regular Milled Rice – P39/kilo
– Milkfish (medium to big size 2 to 5 pieces) – P150/kilo
– Tilapia (medium-size 6 pieces) – P100/kilo
– Galunggong (medium-size 11 to 20 pcs) – P140
– Red Onion – P95/kilo
– White Onion – P75/kilo
– Garlic (imported) – P70/kilo
– Garlic (local) – P120/kilo

“The SRP scheme is intended to stabilize agricultural food products in the market to set as a guideline for the consumers and protection for the industry stakeholders,” Piñol said.

The SRP willbe used as a basis in determining whether vendors are involved in profiteering because under the law, the prices of commodities with SRP could not go beyond 10 percent.

Violators of the Anti-Profiteering Law could be fined from P1,000 to P1 million or imprisoned for a maximum of 6 years.



 

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