Big bakers will start implementing higher prices on Pinoy Tasty and Pinoy Pandesal today, almost a week after the Department of Trade Industry announced price adjustments in the suggested retail price on basic necessities and prime commodities.
Big bakers will start implementing higher prices on Pinoy Tasty and Pinoy Pandesal today, Valentine’s Day, almost a week after the Department of Trade Industry announced price adjustments in the suggested retail price on basic necessities and prime commodities .
Lao, however, said that the price increase granted was only half of the amount they requested since last year with the DTI. This means, he said, they will still pursue the balance of their petition. But PhilBaking members sought for a P6 price adjustment for Pinoy Tasty but got P2. They also sought for P3 price increase for Pinoy Pandesal but got only half of what they wanted based on the SRP released by DTI on Feb. 8. The price increase they sought did not yet include higher cost of fuel, sugar, and other ingredients, Lao pointed out.
Personally though, his company’s Tiffany brand was able to post a 10 percent increase in sales last year.Meantime, the Filipino Chinese Bakery Association, Inc. President Gerik Chua and past President Henry Ah and other officers announced the much-awaited “Bakery Fair 2023” on March 2, 3 and 4, 2023 at the World Trade Center on hopes to fully revive the baking industry in the country.
The biggest and most star-studded Philippine bakery event, Bakery Fair 2023 has 136 exhibitors covering 10,000 square meters or one hectare of the World Trade Center. There shall also be many educational technical seminars by different top bakery industry-related companies, bakers, chefs and experts.
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