Philippines: DTI OKs SRP adjustments for 3 coffee product variants, 6 salt products

The Department of Trade and Industry (DTI) on Wednesday said it approved adjustment requests in the suggested retail prices (SRPs) of certain coffee and salt products. In a statement, the DTI said it has completed the assessment and validation of notifications for price adjustments filed by certain manufacturers in the coffee and salt categories. It said that price adjustments have been approved for three of 13 stock-keeping units (SKUs) or product variants of coffee and six of 19 SKUs of salt. “For coffee, the three SKUs with price adjustments are characterized by weight reduction, accompanied by either a decrease in price or no change in price,” the DTI said. The Trade Department said one additional coffee product is currently under ongoing assessment. “The prices of the remaining nine SKUs of coffee have not increased, with no notifications for price adjustments filed,” it said. For salt, the average price increase of the six SKUs is 8%, according to the DTI. Currently, the ...