DTI monitoring prices of basic goods in typhoon-hit areas


Posted at Dec 28 2012 04:40 PM | Updated as of Dec 29 2012 12:40 AM

MANILA, Philippines - The Department of Trade and Industry (DTI) says it continues to monitor the pricing of basic goods in typhoon-hit provinces.

Trade Undersecretary Cristino Panlilio told ANC they continue to monitor goods in Davao del Norte, Davao Oriental and Compostela Valley to ensure price increases are reasonable and no hoarding is taking place.

Panlilio said they cannot stop price hikes since some basic goods whose prices have gone up have been previously sourced from the same typhoon-hit provinces.

He added they still lack the manpower even for monitoring much less police compliance with fair trade practices.

"When we talk of lack of supply, we talk of agricultural products that used to be sourced in Compostela Valley and nearby vicinity... When we say lack of supply, we mean lack of supply from local source. This means they have to go 60-100 kilometers away to source basic goods like sugar, cooking oil and this adds up to the transportation costs," Panlilio said. - ANC