No price hike seen in pan de sal, Pinoy Tasty
MANILA, Philippines – Raised tariff on the imported Turkish flour will not affect prices of pan de sal and Pinoy Tasty, the Philippine Association of Flour Millers (PAFMIL) reiterated on Wednesday.
PAFMIL executive director Ric Pinca, citing assurances from the Department of Trade and Industry and local bakery groups, said the anti-dumping duty imposed on Turkish flour won’t cause a price hike because the country’s low-cost bread products use locally milled flour.
“The bulk of bread, noodles and biscuits sold in the country is made from locally milled flour, so any tightness in the supply of flour from Turkey should not result to upward price movements. Even products made from Turkish flour should not see any price increase because the anti-dumping duty would just somehow level its price with local flour,” Pinca said in a statement.
Pinca also advised Turkish flour importers against using “scare tactics and disinformation” in trying to convince the Tariff Commission not to make permanent the four-month provisional anti-dumping duty imposed by the Department of Agriculture (DA) on Turkish flour.
Meanwhile, members of the PAFMIL, namely Liberty Flour Mills, Wellington Flour Mills, General Milling Corp., Pilmico Foods Corp., RFM Corp. and Universal Robina Corp., gave their assurances that there is stable supply of flour in the country.
Bakers groups, likewise, said no price hike will be implemented due to the higher tariff on Turkish flour because there are other sources of flour in the market.
Pinca said pan de sal prices should remain at P22.50 for a 10-piece pack while prices of a loaf of Pinoy Tasty should stay at P37.
The anti-dumping duty was imposed on Turkish flour after the DA determined that it is sold by as much as 37 percent cheaper in the Philippines compared to its domestic price in Turkey.