Photo by MA Albert Estoya.
This, after the PCIC Board of Directors approved the proposal of its parent agency, the Department of Agriculture (DA), to relax its conditions on the payment for hog raisers’ losses as well as cover future hog raising activities.
The DA has proposed that PCIC pay the losses resulting from government-ordered culling or slaughter of insured hogs and raise the payable amount up to 100 percent of the insurance cover or the total sum insured.
Agriculture Secretary William Dar described this as part of the agency’s “bold policy actions” amid the persistence of ASF, a fatal animal disease among hogs that already resulted in the death and culling of around 500,000 hogs nationwide.
“We are in a very crucial time, and our pork producers are in such vulnerable state, if the DA and the Duterte regime rely too much on importation now to unreliably lower prices, millions of small hog raisers are bound to go bankrupt and close permanently. Only increased local production can sustainably lower pork prices."
Press Release - Bong Go commends issuance of EO on price ceiling on selected pork and chicken products in NCR senate.gov.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from senate.gov.ph Daily Mail and Mail on Sunday newspapers.
Press Release
January 27, 2021
Bong Go confirms EO imposing price ceilings on pork, chicken may be issued soon; assures public that gov t will balance interests of consumers and traders
In an effort to immediately address rising prices of food products and strengthen the country s food security, Senator Christopher Bong Go confirmed that the Office of the President is currently reviewing the proposed Executive Order imposing price ceilings on pork and chicken which President Rodrigo Duterte may issue soon. Parati ko itong pina-follow up din po sa ating Executive Department at inaasahan natin itong mapirmahan po ng Pangulo, Go said during an ambush interview right after he personally provided assistance to fire victims in Brgy. 46, Pasay City on Tuesday, January 26.