GOVERNMENT consultations with farmers on capping the price of domestic pork belly (liempo) appeared to confirm the Department of Agriculture’s (DA) intent to setGOVERNMENT consultations with farmers on capping the price of domestic pork belly (liempo) appeared to confirm the Department of Agriculture’s (DA) intent to set

DA further signals intent to cap pork belly prices at P380 per kilo — SINAG

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

GOVERNMENT consultations with farmers on capping the price of domestic pork belly (liempo) appeared to confirm the Department of Agriculture’s (DA) intent to set a P380 per kilo price ceiling for the commodity, an industry association said.

Samahang Industriya ng Agrikultura (SINAG) Executive Director Jayson H. Cainglet said the group discussed the proposed price cap with Agriculture Assistant Secretaries Genevieve E. Velicaria-Guevarra and Michael J. Garcia on May 20.

Agriculture Secretary Francisco P. Tiu Laurel, Jr.  said earlier in the month that a cap on liempo was being considered due to rising pork prices. He said the cost of liempo from domestic hogs has risen to as high as P420 per kilogram, well above what the DA considers to be a fair price of P380.

As of May 20, pork belly prices remain at P420 per kilogram, according to DA reports.

Mr. Cainglet said SINAG expressed support for the price cap, citing the significant disparity between what hog raisers receive and what consumers pay at retail.

According to SINAG, despite farmgate prices for live hogs averaging only P180–190 per kilo over the past seven months, liempo continues to retail at P400 to P450 per kilo in public markets and supermarkets.

SINAG attributed the price gap to supply chain inefficiencies, weak market regulation, and excessive intermediary margins rather than profiteering by producers. 

The industry association noted that pork imports totaled 891 million kilos last year, with a further 296 million kilos imported in the first four months of 2026, though the retail margin over farmgate ranges between 90% and 120%.

The DA has not yet issued an official statement on the proposed price ceiling. — Pierce Oel A. Montalvo

Market Opportunity
KiloEx Logo
KiloEx Price(KILO)
$0.003547
$0.003547$0.003547
+2.01%
USD
KiloEx (KILO) Live Price Chart

World Cup Combo: Aim for 200x

World Cup Combo: Aim for 200xWorld Cup Combo: Aim for 200x

Combine up to 20 World Cup matches in one order

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

CME Group to launch Solana and XRP futures options in October

CME Group to launch Solana and XRP futures options in October

The post CME Group to launch Solana and XRP futures options in October appeared on BitcoinEthereumNews.com. CME Group is preparing to launch options on SOL and XRP futures next month, giving traders new ways to manage exposure to the two assets.  The contracts are set to go live on October 13, pending regulatory approval, and will come in both standard and micro sizes with expiries offered daily, monthly and quarterly. The new listings mark a major step for CME, which first brought bitcoin futures to market in 2017 and added ether contracts in 2021. Solana and XRP futures have quickly gained traction since their debut earlier this year. CME says more than 540,000 Solana contracts (worth about $22.3 billion), and 370,000 XRP contracts (worth $16.2 billion), have already been traded. Both products hit record trading activity and open interest in August. Market makers including Cumberland and FalconX plan to support the new contracts, arguing that institutional investors want hedging tools beyond bitcoin and ether. CME’s move also highlights the growing demand for regulated ways to access a broader set of digital assets. The launch, which still needs the green light from regulators, follows the end of XRP’s years-long legal fight with the US Securities and Exchange Commission. A federal court ruling in 2023 found that institutional sales of XRP violated securities laws, but programmatic exchange sales did not. The case officially closed in August 2025 after Ripple agreed to pay a $125 million fine, removing one of the biggest uncertainties hanging over the token. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/cme-group-solana-xrp-futures
Share
BitcoinEthereumNews2025/09/17 23:55
Gold Slips Toward $4,000 as Persistent Inflation Data Bolsters Higher Rate Expectations

Gold Slips Toward $4,000 as Persistent Inflation Data Bolsters Higher Rate Expectations

BitcoinWorld Gold Slips Toward $4,000 as Persistent Inflation Data Bolsters Higher Rate Expectations Gold prices edged lower in early trading, approaching the
Share
bitcoinworld2026/06/30 07:50
MARA deploys military veterans to patrol MRSM hostels in bullying crackdown

MARA deploys military veterans to patrol MRSM hostels in bullying crackdown

KUALA LUMPUR, June 30 — A total of 16 Malaysian Armed Forces (ATM) veterans will report for duty as full-time ward...
Share
Malaymail2026/06/30 08:47