Despite the continued influx of imported pork products that were slapped with lower tariffs, pork prices in the market are expected to remain elevated and even climb further as the holiday season nears. Price monitoring reports from the Department of Agriculture (DA) showed that as of Nov. 19, a kilo of pork ham and pork belly were sold for P340 and P360, respectively, up from P320 and P350 a kilo at the start of the month. Given that demand for pork traditionally picks up during the Christmas holidays, prices may rise even further.Earlier this year, President Duterte issued twin policies that lowered pork import tariffs and increased the allowable import volume. The policies would be in effect until May next year. what is the effect of this to the economy? is it positive or negative?
Despite the continued influx of imported pork products that were slapped with lower tariffs, pork prices in the market are expected to remain elevated and even climb further as the holiday season nears. Price monitoring reports from the Department of Agriculture (DA) showed that as of Nov. 19, a kilo of pork ham and pork belly were sold for P340 and P360, respectively, up from P320 and P350 a kilo at the start of the month. Given that demand for pork traditionally picks up during the Christmas holidays, prices may rise even further.Earlier this year, President Duterte issued twin policies that lowered pork import tariffs and increased the allowable import volume. The policies would be in effect until May next year. what is the effect of this to the economy? is it positive or negative?
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