Philippines: The Department of Trade and Industry adjusts suggested retail price for coffee, salt

Published 2024년 1월 17일

Tridge summary

The Department of Trade and Industry has adjusted the suggested retail prices for certain coffee and salt products to reflect higher raw material costs, with nine stock keeping units, including coffee and salt SKUs, seeing price changes in the latest SRP Bulletin. Some coffee products have had decreases in weight and price, while iodized rock salt, iodized salt, and refined salt prices have increased by a range of P0.5 to P2.25 in both 250g and 500g variants. The DTI has approved and released Letters of Concurrence to manufacturers, with 154 items or 71 percent of SKUs retaining their prices, and pending notices for price adjustments for other products, including milk and canned goods, still under assessment.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Suggested retail prices (SRP) for certain coffee and salt products have been adjusted moderately to reflect higher cost of raw materials, based on the SRP Bulletin released by the Department of Trade and Industry (DTI) on Wednesday, Jan. 17. The latest SRP Bulletin indicated an initial list of nine stock keeping units (SKUs), comprising three SKUs of coffee and six SKUs of salt, that have moved prices. Three of the coffee SKUs include decreases in weight reductions. Two coffee refill brand items reduced its grammage by 2g to 4g and decreased price by P1.5 to P3.25 from 25g at P21.50 last year to 23g at P20 this January; and from 50g at P43.25 to 46g at P40. A coffee 3-in-1 brand also decreased grammage to 18g from 20g, but retained its price at P4.10. Meanwhile, iodized rock salt, iodized salt, and refined salt items saw price increases by a range of P0.5 to P2.25 in both 250g and 500g variants. In a TV interview, DTI Assistant Secretary Amanda Nograles of the Consumer Protection ...

Source: Mb