Compromise reached on port import tariffs, volume: DA

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Compromise reached on port import tariffs, volume: DA
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The Senate on Wednesday accepted the economic team's recommended pork import tariff rates under the Executive Order No. 128 meant to augment supply that dwindled due to the African Swine Fever, the Agriculture Department said.

MANILA - The Senate has accepted the economic team's recommended pork import tariff rates under Executive Order No. 128 meant to augment supply that dwindled due to the African swine fever, the agriculture department said Thursday.

The revision is necessary to arrest the inflationary impact of dwindling pork supply, Agriculture Secretary Willam Dar said. A price cap on pork meat was earlier imposed but the supply-side risk has to be addressed to stabilize prices.

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