Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Tuesday, 15 October 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << October 2019 >> 
S M T W T F S
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2010/02/03

Sugar, rice, flour prices under tight watch in Zambo

Pagadian City (February 3) -- The government is closely monitoring the price and supply of sugar, rice, flour and other basic commodities in the market following reports of price spikes and shortages in some areas of the country.

While prevailing prices of refined and white sugar at the national level went up by P4.00 and P6.00 respectively compared last month, the price of rice and other basic and prime commodities remained constant or have actually gone down after the holiday season.

The upward adjustments in the price of sugar are due to the heightened demand this year as can be gleaned from the increased rate of withdrawals from the mills. This is aggravated by the fact that the world sugar price is at its 28-year high according to Sugar Regulatory Authority (SRA) administrator Rafael Coscoluella.

To temper the price and bring it back to reasonable levels, the government through the National Food Authority (NFA) is set to import 150,000 metric tons of sugar soon. Agriculture Secretary Yap committed to submit to the National Price Coordinating Council next week a P45 to P48 suggested retail price (SRP) for sugar.

In Region 9, the prices of sardines, processed milk, coffee, detergent and laundry soap, flour, canned pork and beef, soy sauce, vinegar and toilet soap are actually slightly lower than the national SRP of said commodities.

These data were shown in the January 18, 2010 price monitoring report consolidated by the Department of Trade and Industry (DTI) Regional Office 9.

Trade Director Nazrullah Manzur said that the DTI is working closely with DA and NFA to ensure stability in the supply and prices of these basic commodities. To ensure compliance, Manzur enjoins the cooperation of the buying public to report overpricing and hoarding in the market to the nearest DTI office. Or email it at dti9@jetlink.com.ph. (LSV/DTI9/PIA9) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Court convicts one on wharf bombing; acquits all on airport bombing
»Army brass debunks allegations on AFP assassins
»New Davao Oriental capitol blessing transcends petty politics
»CSC Region XI accepts applications for government scholarship
»Duque is new Civil Service Commission chief
»Agri officials keen to conquer El Nino
»LGU Tagum creates Youth Advocates
»Tagum BSP Council joins int'l scouting jamboree
»PGMA SONA project in Samar to be completed in April, DPWH says
»PGMA keynotes International Autism Forum
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines