Local flour millers say they won't hike prices


Posted at Apr 29 2014 01:54 PM | Updated as of Apr 29 2014 09:54 PM

MANILA, Philippines - The Philippine Association of Flour Millers (PAFMIL) on Tuesday assured consumers there will be no price increase for flour products.

PAFMIL said this means there should be no hike in the price of bread products such as pan de sal and Pinoy Tasty.

Liberty Flour Mills, Wellington Flour Mills, General Milling Corporation, Pilmico Foods Corporation, RFM Corporation, and Universal Robina Corporation are all members of PAFMIL.

San Miguel Mills and Philippine Foremost Flour Mills, who are part of the Chamber of Philippine Flour Millers, had also assured the Department of Trade and Industry that flour prices will stay the same while tariff hearings are on-going.

"The public should not be unduly worried that bread prices will increase after the DA move. The higher bread price scenario is pure speculation and bereft of any basis," said Ric Pinca, PAFMIL executive director.

The PAFMIL statement comes after the Filipino Chinese Bakers Association on Monday said there may be an increase in the price of pan de sal and Pinoy Tasty, due to the Department of Agriculture's order imposing an additional anti-dumping duty on imported Turkish flour.

The DA's order is provisional, but it preempts a decision from the Tariff Commission where a petition was lodged by local flour millers to impose higher tariffs on Turkish flour.

Meanwhile, Agriculture Secretary Proceso Alcala defended the duty imposed on Turkish flour, saying it is necessary to protect the local flour industry.

In an interview on ANC's Headstart, Alcala also appealed to bakers to patronize locally-produced flour, since Turkish flour is no longer as cheap as before.

Meanwhile, the Department of Trade and Industry said the imposition of additional anti-dumping duties on Turkish flour should not have any effect on the prices of pan de sal and Pinoy Tasty.

Trade Undersecretary Vic Dimagiba, bakers have assured the department there will be no price increases. He said the price of Pinoy Tasty will remain at P37 while that of pan de sal at P22.50.

He noted the supply and price of locally milled flour is stable and bakers should have no problem with the supply of both local and imported flour.