Prices of agri­cul­tural prod­ucts now down to most rea­son­able level, says DTI

Sun.Star Cagayan de Oro - - Business -

In its mon­i­tor­ing to­day at the Com­mon­wealth Mar­ket and var­i­ous su­per­mar­kets in Que­zon City, the Depart­ment of Trade and In­dus­try (DTI) found that prices of agri­cul­tural prod­ucts dipped to its most rea­son­able level while man­u­fac­tured ba­sic ne­ces­si­ties and prime com­modi­ties are pegged at their Sug­gested Re­tail Prices (SRPs) or even lower.

The de­cline in the prices of agri­cul­tural prod­ucts such as pork, veg­eta­bles, and fish ranges from P5.00 to P50.00. Chicken, in par­tic­u­lar, is sold at P100 per kilo which is P45.00 lower than the 09 Jan­uary 2019 pub­lished pre­vail­ing prices of the Philip­pine Sta­tis­tics Au­thor­ity (PSA). In the su­per­mar­kets, chicken is priced even lower at P90.00 to P99.00 per kilo, vary­ing whether or not it is branded.

“The DTI is very pleased to see that prices of agri­cul­tural prod­ucts are now at its most rea­son­able level where con­sumers are as­sured to get value for their money, and fair re­turn of in­vest­ment for the re­tail­ers,” said DTI Con­sumer Pro­tec­tion Group (CPG) Un­der­sec­re­tary Ruth B. Castelo.

The Com­mon­wealth Mar­ket sources di­rectly from pro­duc­ers thus its very rea­son­able prices. The DTI en­cour­ages con­sumers to pur­chase agri­cul­tural prod­ucts from said mar­ket. Re­tail­ers, on the other hand, may also take ad­van­tage of the low prices. Un­der­sec­re­tary Castelo ex­plains, “Since Com­mon­wealth Mar­ket re­moved the mid­dle play­ers from the sup­ply chain, they are able to sell agri­cul­tural prod­ucts at very low prices. Those re­tail­ers who do not have di­rect link to pro­duc­ers may source their prod­ucts from Com­mon­wealth Mar­ket and sell these at the SRP level. In this way, they sell at af­ford­able prices to con­sumers while gain­ing rea­son­able profit.”

On sugar, it was an­nounced by the Sugar Reg­u­la­tory Ad­min­is­tra­tion (SRA) that its pro­posed SRP for re­fined sugar is P50.00 per kilo while P45.00 per kilo for brown sugar. The DTI is pleased to see some ma­jor su­per­mar­kets such as Robin­sons and SM al­ready sell­ing sugar at their set SRPs. But for those sell­ing above these prices, the SRA will co­or­di­nate with the re­tail­ers to get in­for­ma­tion on their sources to de­ter­mine the rea­son be­hind the high prices.

The DTI en­joins the con­sumers to re­port any price and sup­ply-re­lated con­cern to the 1-384 (1DTI) Con­sumer Care Hot­line or Con­[email protected] email. PR

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.