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Tariff cut extension to lower pork prices

RETAIL prices of pork are expected to drop next year following the extension of reduced tariffs that were supposed to expire this month, a senior Agriculture department official said on Tuesday.

Liempo (pork belly), for example, will likely sell at a lower P300 to P320 per kilo from the current P320 to P340, Agriculture Undersecretary Mercedita Sombilla said.