"The Minimum Access Volume (MAV) Plus scheme for pork is a crucial initiative aimed at stabilizing the local market and ensuring consumers have affordable access to quality meat products," said Agriculture Secretary Francisco P. Tiu Laurel Jr. in a recent interview at the Economic Journalists Association of the Philippines' Food Security Forum.
According to Laurel, the Department of Agriculture (DA) will adjust the MAV Plus scheme only if pork prices reach or surpass the average range of P430 to P450 per kilogram. The implementing rules and regulations (IRR) for the scheme are expected to be released in the near future.
During the forum, Laurel disclosed that Food Terminal, Inc. will be allocated a 20% share of the government-backed KADIWA program. This company will be responsible for importing pork products and distributing them to private importers who join the program. The goal is to ensure a consistent supply of pork products at lower tariff rates.
"We have a proven program that we tested last year, where we sourced locally, purchased from traders at the wholesale price, and then sold the products at a fixed price," explained Agriculture Secretary Francisco P. Tiu Laurel Jr. in his interview.
The MAV Plus scheme, which was developed by the MAV Management Committee, is designed to address the growing concern of rising pork prices in the local market and to offer consumers convenient access to affordable pork products.
Despite the ambitious nature of the program, Agriculture Secretary Laurel emphasized the importance of considering the needs of local producers and the effects on market prices.
The Department of Agriculture (DA) will only adjust the MAV Plus scheme if the average price per kilogram crosses or surpasses the specified range of P430 to P450.
The guidelines and rules for the scheme, known as implementing rules and regulations (IRR), are anticipated to be released soon.
At the forum, AgriSec Laurel revealed that Food Terminal, Inc. will be allocated a 20% stake in the government-backed KADIWA program. This company will be responsible for importing pork products and distributing them to private importers who join the program. The objective is to guarantee a consistent supply of pork products at lowered tariff rates.
"We have employed a tested procedure last year, where we sourced locally, purchased from traders at the wholesale rate, and then sold the products at a fixed price," explained AgriSec Laurel in his interview.
The MAV Plus initiative, developed by the MAV Management Committee, is aimed at addressing market concerns regarding growing pork prices and offering consumers easy access to affordable meat products.
While the program is ambitious, Agriculture Secretary Laurel underscored the importance of considering the needs of local producers and the impact on market prices.
The Department of Agriculture (DA) will only adjust the MAV Plus scheme if the average price per kilogram surpasses the specified range of P430 to P450.
The rules and regulations for the scheme, known as implementing rules and regulations (IRR), are anticipated to be released soon.
At the event, AgriSec Laurel revealed that Food Terminal, Inc. will have a 20% stake in the government-backed KADIWA program. This company will be responsible for importing pork products and distributing them to private importers who join the program. The aim is to ensure a consistent supply of pork products at reduced tariff rates.
"We implemented a tested procedure last year, where we sourced locally, purchased from traders at the wholesale price, and sold the products at a fixed price," AgriSec Laurel elaborated in his interview.
The MAV Plus initiative, developed by the MAV Management Committee, seeks to address market concerns related to rising pork prices and provide consumers with affordable meat products.
While the program is ambitious, AgriSec Laurel emphasized the necessity of considering the needs of local producers and the impact on market prices.
The Department of Agriculture (DA) will only adjust the MAV Plus scheme if the average price per kilogram surpasses the specified range of P430 to P450.
The regulations for the scheme, known as implementing rules and regulations (IRR), are expected to be released shortly.
During the event, AgriSec Laurel disclosed that Food Terminal, Inc. will have a 20% stake in the government-backed KADIWA program.
Food Terminal, Inc. will be responsible for importing pork products and distributing them to private importers who join the program. The objective is to ensure a consistent supply of pork products at reduced tariff rates.
"We implemented a tested procedure last year, where we sourced locally, purchased from traders at the wholesale price, and sold the products at a fixed price," AgriSec Laurel elaborated in his interview.
The MAV Plus initiative, developed by the MAV Management Committee, is aimed at addressing market concerns related to rising pork prices and providing consumers with affordable meat products.
Although the program is ambitious, AgriSec Laurel highlighted the importance of considering the needs of local producers and the impact on market prices.
The Department of Agriculture (DA) will only adjust the MAV Plus scheme if the average price per kilogram surpasses the specified range of P430 to P450.
The guidelines for the scheme, referred to as implementing rules and regulations (IRR), are anticipated to be released soon.
During the occasion, AgriSec Laurel disclosed that Food Terminal, Inc. will have a 20% stake in the government-backed KADIWA program.
Food Terminal, Inc. will be responsible for importing pork products and distributing them to private importers who join the program. The goal is to ensure a consistent supply of pork products at reduced tariff rates.
"We implemented a tested method last year, where we sourced locally, secured the products from traders at the wholesale price, and sold the items at a fixed price," AgriSec Laurel explained in his interview.
The MAV Plus initiative, developed by the MAV Management Committee, aims to tackle market concerns regarding rising pork prices and provide consumers with affordable meat products.
Although the program is ambitious, AgriSec Laurel emphasized the significance of considering the needs of local producers and the impact on market prices.
The Department of Agriculture (DA) will adjust the MAV Plus scheme only if the average price per kilogram exceeds the specified range of P430 to P450.
The guidelines for the scheme, referred to as implementing rules and regulations (IRR), are expected to be released shortly.
During the occasion, AgriSec Laurel disclosed that Food Terminal, Inc. will receive a 20% stake in the government-backed KADIWA program. Food Terminal, Inc. will be in charge of importing pork products and distributing them to private importers who join the program. The aim is to ensure a constant supply of pork products at reduced tariff rates.
