Canned Sardines Will Have An Increase Of Price This December
CANNED SARDINES – The canned sardines price will increase from ₱0.50 to ₱0.60 which will begin in December 1, 2018 (Saturday).
Canned Sardines Association of the Philippines President Marvin Lim said that the increase was due to the price hike of raw materials such as fish and petroleum in the recent months. He further implied that there were other many factors explaining the price hike.
Lim further said that the hike was supposed to take effect on September 1. However, the Department of Trade and Industry, specifically secretary Mon Lopez, told them to delay for three months in order for consumers to adjust to the inflation.
“Bago pa lang mag-September 1 may request sa DTI na magtataas pero hiniling nila Sec. Mon [Lopez, DTI secretary] na tulungan niyo kami, huwag muna kayo magtaas. Kami naman willing tumulong pero in-assure nila kami na December 1 puwede na kami magtaas,”
An article in GMA News said that the recent drop in fuel prices may be a good development but it gave little effect on the stocks of sardines currently in the market, as said by Lim, noting that the stock level last to three to six months.
“‘Yung sinasabi nila na pagbaba ng diesel, maganda ‘yun pero ‘di naman po natin agad-agad na mararamdaman iyon. Unang-una po ‘yung stock level po ng sardinas ay three to six months. Yung ginawang sardinas noon kasagsagan ng pagtaas ng diesel,”
As per the report, Lim finally said that the said adjustment, if increased, may depend on the situation but it may not be possible if the prices of goods remain stable. Given the situation, they try to be careful, Lim said.
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