Price and supply remains stable

posted Jan 25, 2010, 9:57 PM by Leonard Flores
Manila (January 22, 2010) - "Prices and supply of basic goods remain stable," according to DTI Undersecretary Zenaida Maglaya.
"The Department is in constant dialogue with industry groups to ensure that supply is adequate and that prices are kept at reasonable levels.
Cement is under strict monitoring after supply of commodity became scarce and prices increased during the holiday season.
Contingency measures are ongoing to normalize the market while other measures are on hold that will complement enforcement activities."
To keep consumers updated, the Department has published suggested retail price (SRP) of cement in selected newspapers.
Records from the DTI would show that as a result of recent regulatory activities eleven (11) suppliers of cement based in NCR were issued formal charges.
So far DTI Head Office maintains that supply of cement is no longer a problem. 
"But DTI continues to monitor the market to ensure that price of cement remain at SRP levels."
On other commodities, the DTI noted some decreases in the prices of processed milk and coffee refill.
"In wetmarkets,prevailing price of Nido Full Cream powdered milk went down by P1.00 compared last month.  There are also decreases in the price of some Alaska and Alpine commodities.
Great Taste granules likewise went down by P0.50 compared a month ago."
The DTI enjoins the buying public to report cement overpricing and hoarding in the market.