Gov’t rejects request for price increase of some food manufacturers

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Department of Trade and Industry

Malacañang said that the government has rejected the request of some manufacturers to increase their respective suggested retail prices (SRP).

Presidential Communication Operations Office Secretary Hermino Coloma, Jr., said the Department of Trade and Industry (DTI) has declined the request of some manufacturers’ petition for price increase.

Only manufactured goods has suggested retail prices.

The Communications Secretary also assured the public that there will be no price hike in the prices of flours.

“Nangako ang mga panadero na wala ring magiging pagtaas sa presyo ng tinapay tulad ng Pinoy Pandesal at Pinoy Tasty,” Coloma told reporters.

He said the government continues to monitor the prices of other agriculture products, which according to DTI will retain its current prices this week. This covers the prices of eggs, sugar, poultry, pork, and even NFA rice.

On the other hand, prices of processed milk are expected go up as the prices of skimmed milk and whole powdered milk in the world market increased.

“Ngunit ang pagtaas na ito ay nilimitahan lamang sa pagitan ng 40 sentimos hanggang P4.30 sa kabila ng hiling ng mga gumagawa ng mga naturang produkto na itaas ang suggested retail price (SRP),” said Coloma.

Among the inter-government agencies that monitor the prices are the DTI, Department of Agriculture, Philippine National Police, National Bureau of Investigation, and the Presidential Assistant on Food Security and Agriculture Modernization.

“Nananawagan at hinihimok po natin ang ating mga mamamayan na isuplong at iulat sa DTI at sa ating mga law enforcement agencies ang sinumang magtangkang magpataw ng labis na presyo o nakikilahok sa mga gawaing pang-aabuso sa merkado (at) pang-iipit ng supply ng mga produkto upang kagyat na mahuli at masampahan ng kaukulang kaso,” Coloma said. (PIA)