Saturday, July 7, 2018

SRP on farm products not applicable to malls

Agriculture Secretary Manny Piñol. Images credit to Facebook/Manny Piñol

Agriculture Secretary Manny Piñol forwarded efforts to protect the poor by imposing affordable suggested retail prices (SRP) on eight farm products, which includes rice, onion, garlic, bangus, and tilapia.

However, the SRP for these products only apply to the ones sold in wet and public markets in order to protect consumers from “very high and unreasonable prices”.

”Posh supermarkets like SM, Rustan’s or S&R and similar establishments are not covered by the SRP,” Piñol said in a Facebook post.

There is an assumption that consumers who opt to buy the farm products in these establishments are willing to spend bigger for the “comforts of a class market”.

“Let this be an official clarificatory announcement that the SRP only applies to the eight items sold in wet and Public Markets because the intention of government is to protect the poor,” The Agriculture Secretary furthered.

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Daily Pilipinas Source: Facebook/ MannyPiñol

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