DTI monitors prices in 'Ruby'-hit areas

ABS-CBN News

Posted at Dec 08 2014 10:20 AM | Updated as of Dec 08 2014 06:20 PM

MANILA, Philippines - The Department of Trade and Industry is intensifying monitoring to ensure the stability and flow of basic and prime commodities in areas affected by typhoon Ruby.

Trade Secretary Gregory Domingo said it has dispatched price monitoring teams in the National Capital Region and Regions 6, 7 and 8.

"We have already alerted all our price monitors in the NCR and in the regions and provinces that will be hit by typhoon Ruby to intensify their price monitoring activities to ensure that prices of basic and prime goods are kept at reasonable levels," he said.

Domingo said the DTI will issue show-cause orders to retailers found to be profiteering and hoarding.

Price of goods should be within the suggested retail price.

"We received positive feedback from the distributors and manufacturers.They assured us that there is enough supply of goods in the market, and that more stocks are ready to be delivered as soon as replenishment is needed," Domingo said.

Initial price monitoring reports showed there were no more panic-buying incidents in Tacloban, Leyte and Borongan, Samar.

Local government units reported they procured basic and prime goods for relief goods.

There are also adequate goods in the National Capital Region and no price increases.