Filipinos must brace for more price increases this month as the Department of Trade and Industry (DTI) said it has received a notice of price adjustment from manufacturers of canned sardines, meatloaf, and corned beef, coffee, and soap. READ:
received a notice of price adjustment from manufacturers of canned sardines, meatloaf, and corned beef, coffee, and soap.A consumer goes about buying the family’s supply of eggs at a Marikina market, unmindful that the commodity has stirred quite a debate between the Department of Agriculture which says bird flu has raised the retail prices while the Philippine Egg Board Association which asserts that the market prices are “too much” considering that the farmgate rates range only between P6.
The DTI said it is studying the price adjustment requests but will strive to make the items still reasonably priced for the benefit of consumers, according to a GMA News report. The Samahang Industriya ng Agrikultura explained that the rising prices of eggs—an essential ingredient for all bread goods—was due to bird flu, particularly for poultry farms in Central Luzon.
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