Author Topic: Price of Canned Sardines Goes Up  (Read 1179 times)

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Price of Canned Sardines Goes Up
« on: October 05, 2011, 07:49:22 AM »
by PIA

Department of Trade and Industry Bohol (DTI) has noticed prices of some canned sardines brands slightly going up.

But that is no cause for worry, according to Jose Hibaya, DTI consumer division chief.

He said the prices of some few brands may have risen but these are still within the suggested retail prices (SRP) as agreed by national processed food manufacturers and consumer networks.

Canned sardines, also considered a daily fare for the urban dwellers and the working class is among the DTI monitored prime commodities in as much as the agency assures consumers that the prices of these commodities are regulated.

The increase, which was monitored within a few days before the minimum daily wage increase effected here, was not connected to possible prospecting, hints DTI who said that there are some brands of processed food which programmed their increases after a few months.

Those that we monitored as increased have not done so in quite a long time, thus their increase could be justifiable.

These products come from different companies which do not have similar price movement timetable, said Hibaya at the recent Kapihan sa PIA.

Cursory look at the display shelves of a major grocery here revealed that Swan Sardines Bulilit sells their products at 10.50, Swan regular at P11.00, 555 sell their products at 12.20 while Mariko, Family and Sallenas sells their sardines at P12.25.

Youngstown sells at P12.60 while Mega and Unipak sells their products at P12.75.

Ligo is by far the priciest at P13.00.

At these developments, the working class, who make the canned sardines as among the easily within the budget fastfood has been troubled by the reported increase.

This came over reports that there have been an implemented closed fishing season for the fish made into sardines in the Zamboanga and Sulu seas until December.

Reports monitored bared that the closed season is hoped to allow the dwindling population of fish in the region to recover, according to the Bureau of Fisheries and Aquatic Resources there.

The reports also come in time when the price increase was monitored prompting speculations that the prospect of low supply of sardines in the near future could have pushed the increase.

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