Food manufacturers

Food Manufacturers Call for SRP Adjustments as Demand Grows

PHOTO BY BERNARD HERMANT

The Commerce Industry Department (DTI) is to set new suggested retail prices (SRP) for basic necessities to reflect increased consumer demand, the food manufacturers said.

In a statement released Friday, the Philippine Chamber of Food Manufacturers Inc. (PCFMI) said, “The last release of the SRP bulletin was in September 2019. As a result, food manufacturers are struggling to keep up with demand. growing with the next Christmas. season, ”said the PCFMI.

“There is a need to regularly update commodity PRSs to help food manufacturers recover from losses due to the pandemic,” said PCFMI Senior Vice President Helen Grace Baisa.

The PCFMI said food manufacturers have absorbed the impact of “outdated” price caps in order to keep retail prices artificially low.

He said the national government is responsible for ensuring the availability of basic necessities and basic necessities at affordable prices, especially in emergency situations, under Republic Law No. 7581 or of the law on prices.

“As more and more Filipinos are able to consume more in the coming holiday season, we hope that the DTI will give equal importance to the voice of the food industry to ensure the stability of businesses,” said Ms. Baisa said.

The PCFMI said the food supply chain has been affected by the 2019 coronavirus disease (COVID-19) pandemic, which disrupted demand and highlighted logistical bottlenecks.

PCFMI has over 100 members, including manufacturers of canned foods, ready-to-eat meals, baked goods, dairy products, coffee and noodles. – Revin Mikhael D. Ochave