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DTI contemplates on rolling out moratorium on price hikes

by UNTV News and Rescue   |   Posted on Tuesday, August 14th, 2018


DTI Secretary Ramon Lopez | DTI Photo

MANILA, Philippines – The Department of Trade and Industry (DTI) has not yet decided on whether to impose price hike moratorium on basic goods despite requests from manufacturers.

The DTI recently released an expanded suggested retail price (SRP) with several adjustments on the price of canned sardines and meat products, taking into consideration the increase in production costs.

This prompted some consumer groups to suggest the implementation of a moratorium on price hikes in basic commodities.

The agency welcomes the suggestion however the decision still depends on the manufacturers.

“Tignan natin kung paano natin mapapakiusapan ang mga manufacturers, ang mga negosyo ng canned products…Tignan natin if they will cooperate,” said DTI Usec. Ruth Castello.

According to a study by consumer group, Laban Konsyumer, the prices in DTI’s expanded SRP shot up by 70%, thus, they insist on a moratorium.

During a visit with the Department of Agriculture (DA) officials in major markets today, Castelo suggests that DA should also update its SRP on agriculture products for the benefit of consumers.

The agencies found out that the prices of spices such as onion and garlic marked a staggering increase of P10.00 to P30.00 per kilogram.

Fish products such as milkfish, galunggong and tilapia also increased in prices by P10.00 to P60.00 per kilogram.

The DA vowed to review its SRP while both agencies promised to continuously monitor market prices of basic goods to protect the rights of consumers. – Mon Jocson / Marje Pelayo

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BFAR to investigate soaring prices of fish in markets

by UNTV News and Rescue   |   Posted on Wednesday, November 14th, 2018


MANILA, Philippines – The Bureau of Fisheries and Aquatic Resources (BFAR) wants to know why the prices of selected fish varieties in local markets are high as compared to the issued suggested retail price (SRP) from the agency.

Earlier on Wednesday (November 14), Agriculture Secretary and BFAR Director Eduardo Gondona made rounds in major markets in Metro Manila including Tandang Sora, Munoz, Balintawak and Kamuning Market.

They have noticed the staggering prices of various varieties of round scad or galunggong.

Each kilogram of round scad sells at P190 in Muniz Market and Tandang Sora whereas the SRP is only at P140/kg.

Milkfish sells at P220 whereas the SRP is only at P160/kg.

Gondona was asking why such an increase when in fact, there was no indication of price adjustments yet from the existing SRP even if agriculture and fishery sector have suffered losses from the onslaught of the previous typhoon Rosita.

Gondona also noted that the 17M of imported rice have started to arrive in shipments.

“Posible na may nagma-manipulate ng presyo. Kasi dapat within the SRP lang tayo. Bakit umabot ang iba ng mas mataas?” the official said.

He noted that vendors can only adjust prices up to 10% from the SRP.

But vendors argued that the need to mark up of as high as P25 to P30 because they need to pay for the stall’s rent.

Gondona believes there are people behind this manipulation of fish prices. He warned them of facing charges if proven guilty of profiteering. – Marje Pelayo (with reports from Rey Pelayo)

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NFA, DTI to check local markets over implementation of SRP in rice

by UNTV News and Rescue   |   Posted on Thursday, November 8th, 2018

QUEZON CITY, Philippines – The National Food Authority (NFA) and the Department of Trade and Industry (DTI) will conduct inspections of local markets to make sure the suggested retail price (SRP) in rice is religiously implemented.

According to Agriculture Secretary Manny Piñol, they will tap the service of the Philippine National Police (PNP) to join them in the inspection of Metro Manila markets.

Piñol said first time offenders will be warned but those who will refuse to adhere with the order on SRP for the second time will be fined or sanctioned.

“It’s a written warning that the first step. The second would be penalties na, cancellation of license, penalties under the Price Act pati na ang criminal liability,” the Agriculture Secretary warned. – Marje Pelayo (with reports from Rey Pelayo)

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DTI accosts vendors in Obrero Market for not putting price tags

by UNTV News and Rescue   |   Posted on Monday, November 5th, 2018

DTI Undersecretary Ruth Castelo inspects Obrero Public Market

MANILA, Philippines – The Department of Trade and Industry (DTI) accosted several vendors at Obrero Public Market for not putting appropriate price tags on their products.

“Lagyan ninyo ng presyo, kung hindi iisyuhan nila kayo ng notice of violation. Lagyan niyo ng price tag itong tinda ninyo,” said Undersecretary Ruth Castelo from DTI’s Consumer Protections Group.

Castelo emphasized the importance of price tags to prevent traders from overpricing and taking advantage of the consumers.

“Lahat ng paninda dapat may presyo para sa kaalaman ng consumer para walang deception para maiwasan natin ang paiba-iba sila ng presyo; naka price tag dapat,” she added.

The DTI, meanwhile, said consumers should be informed that prices of chicken meat, vegetables and rice have already dropped.

Currently, the price of chicken is at P120/kg.

However, since there is no suggested retail price (SRP) on vegetables, the DTI calls on consumers to report anyone who engages in overpricing.

Meanwhile, National Food Authority (NFA) Officer in Charge Tomas Escarez said consumers may expect a much lower price of rice in the coming days.

Currently, the SRP on rice still remains at P27/kg for NFA rice; P39 to P47/kg for local well-milled rice; and P39 to P43/kg for imported rice. There is no SRP, however, for special rice.

The NFA said they are continuously monitoring rice prices in local markets against profiteering.

“By November 10 iikot kami.  May mga penalty na na ibibigay tayo,” Escarez said.

Meanwhile, the DTI guided consumers that SRPs on prime commodities are expected to be posted in grocery stores.

As the holiday season draws near, the agency said prices of holiday products are now starting to mark up such as mayonnaise, keso de bola and ham. – Marje Pelayo (with reports from Grace Casin)

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