CAMARINES SUR—The prices of basic commodities in the province remains stable, Department of Trade and Industry (DTI) Provincial Director Edna Tejada assured the public. This, she said, is despite the recent spike in the prices of some agricultural products such as rice, garlic, ginger, carrots, and tomatoes.
|DTI CamSur: price of basic commodities is stable|
The agency is currently conducting regular price monitoring to make sure that retailers are not selling the commodities above the suggested retail price (SRP), Tejada explained.
Among the commodities which are monitored by DTI are bread, processed milk, coffee, locally-manufactured instant noodles, processed and canned pork, beef, poultry, toiler paper, laundry soap, detergent, school supplies, cement, GI sheets and light bulbs.
It will be recalled that the Department of Agriculture explained that the skyrocketing prices of products are due to inadequate production. There were, however, allegations that the price hike occurred because some traders were manipulating the prices.—With report from PIA/BICOLSTANDARD.COM
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