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PIA Press Release
2007/11/28

PGMA orders close monitoring of price movement in typhoon-ravaged areas

President Gloria Macapagal-Arroyo directed today the Departments of Trade and Industry (DTI) and Agriculture (DA) to closely monitor the prices of basic goods and other commodities in typhoon-ravaged Region II or Cagayan Valley following reports of "slight" increases in the prices of bread and noodles.

The President issued the directive during the National Disaster Coordinating Council–Bicol Calamity Assistance and Rehabilitation Effort Commission (NDCC - B CARE C) meeting in Malacañang this afternoon.

She also directed the Philippine National Police (PNP) to go after profiteers who take advantage of the series of weather disturbances that hit the country to jack up prices of their goods.

In his report to the President, Trade Secretary Peter Favila said that as of 7:30 a.m. today, prices of basic goods, except for bread and spaghetti noodles, remained stable.

He added that with "Lando" threatening to barge back into the Philippines, and tropical storm "Nonoy" about to enter the Philippine area of responsibility (PAR), transporting vegetables and other farm products to Metro Manila markets might encounter temporary problems.

Vegetable producers, Favila said, have expressed reluctance to send delivery trucks to Manila for fear that their vehicles could get stuck in damaged and flooded roads.

The President told Favila and PNP officials to immediately advise vegetable producers and traders that with the weather condition now improving, it would be easy for them to deliver their goods to Metro Manila markets.

Certain portions of the Maharlika Highway, the main link between Metro Manila and Region II (Isabela and Cagayan provinces), was rendered impassable due the heavy floods unleashed by Typhoon "Mina." (PIA) [top]

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