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Bacolod City, PhilippinesThursday, December 8, 2011
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‘Holiday produce rates
must not exceed SRP’

The Department of Trade and Industry in Negros Occidental reminded operators of supermarkets, retail shops, and stores in the province that prices of noche buena products must not exceed the suggested retail price.

Maximo Ravena, DTI chief for the consumer welfare and trade regulatory division, yesterday said they have released posters for the suggested retail prices of noche buena products to keep consumers informed on the rates to pay during the holiday season.

The DTI will intensify its campaign to prevent overpricing, though they received reports or complaints on overpricing, Ravena said.

He said that retailers and supermarkets also have the right to increase their prices but these must not exceed to 10 percent of their actual price.

The products with suggested retail prices from DTI are ham, sandwich spread, elbow and salad macaroni, fruit cocktail, keso de bola, pasta, cheese, creamer, mayonnaise, condensed and evaporated milk, and tomato and spaghetti sauce.

Ravena also warned retailers selling electric operated Christmas decorations without the Philippine Standard mark or PS mark and Import Commodity Clearance mark or ICC mark.

They have received reports that certain establishments in Bacolod City are selling these products without ICC or PS marks, he said.

Ravena said, though, that they have not confirmed the information and that they will still conduct surprise inspections to make sure the public is buying safe products.*LTG



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