The members of the NPCC have gathered to tackle measures to stabilize prices and supply of basic and prime goods, such as establishing a “direct link” between onion farmers and institutional buyers to ensure a “steady” supply of local onions. Know more:
THE members of the National Price Coordinating Council have gathered to tackle measures to stabilize prices and supply of basic and prime goods, such as establishing a “direct link” between onion farmers and institutional buyers to ensure a “steady” supply of local onions, among others, according to the Department of Trade and Industry .
For her part, DTI Consumer Protection Group Undersecretary Ruth B. Castelo said the DTI assures the public that the government is taking actions to protect their interest and ensure that basic and prime goods remain “reasonably priced” in the market. For retail sugar in groceries and supermarkets, the Sugar Regulatory Administration reported that monitored prevailing prices of the commodity in the NCR as of May 2023 are P87 per kilo for raw and P105 per kilo for refined.
For its part, the Philippine Atmospheric, Geophysical, and Astronomical Services Administration reported that the country will experience El Niño in the next couple of months up to the first quarter of 2024, DTI noted.
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