Manufacturers of 60 shelf-keeping units requested for price adjustments

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00:00Manufacturers of essential food items such as sliced bread, canned sardines, detergent soap

00:06are crying for a much-needed and past-due hike in prices.

00:10But the Department of Trade and Industry, or DTI, says to hold their horses,

00:14admonishing them that any pan-raise in prices should not exceed 10% of the sticker price.

00:20Our Klais Elpardilla tells us more.

00:25A can of sardines is a staple for a boy and his family

00:29when budgets are tight.

00:43According to the Department of Trade and Industry, manufacturers of 60 shelf-keeping units

00:48have submitted requests for price adjustments, citing increased costs of raw materials

00:55and logistics as the driving factors behind their need for higher prices.

00:59This includes items like sardines, bread, water bottles, and detergent soap.

01:04The Canned Sardines Association of the Philippines has been awaiting approval

01:10for a P3 price increase on sardines for a year, prompted by soaring production costs,

01:16including those for tamban, tin cans, and petroleum products.

01:25The Association of Small Bakeries stressed the no adjustment on the price of bread listed

01:46in the SRP bulletin by the DTI has significantly impacted their business.

01:55The low price of Pinoy Tasty helps consumers.

02:00They should look at this as a basis for us, the small players, to ask our customers,

02:09why Pinoy Tasty and Pinoy Pandesal are cheap?

02:12Why the community baker, Pandesal, is not a high price?

02:18It affects our business if the price of Pinoy Tasty and Pinoy Pandesal is low

02:23because it becomes a point of comparison.

02:25The DTI will review the requests for price adjustments,

02:28but will not approve increases exceeding 10 percent.

02:31We need to really balance everything to be able to come up

02:34with a correct decision whether to increase the price or not.

02:40The agency plans to intensify its price monitoring of essential goods.

02:49During a recent inspection at a supermarket in Quezon City,

02:53the DTI found the inspected products were compliant with the suggested retail price.

02:58Kaley Zalpardilla for the new and bettered Philippines.

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