PRICES OF agricultural products at the Commonwealth Market and supermarkets in Quezon City are lower by as much as P50 compared to the average selling prices in other parts of Metro Manila, based on the Department of Trade and Industry’s (DTI) monitoring.
In a statement, DTI said its latest market price monitoring activity, conducted Thursday at the Commonwealth Market, found that prices of pork, vegetables, and fish products were lower by P5 to P50 compared to the Jan. 8 prevailing prices of these products in the National Capital Region (NCR) .
The DTI used as comparative data the Jan. 8 prices reported by the Philippine Statistics Authority in its latest Comparative Retail Prices of Metro Manila Markets Report.
Fully dressed chicken at the monitored market was sold at P100 per kilo while the prevailing average recorded across Metro Manila was P145.
In the supermarkets, chicken was priced even lower, ranging between P90 to P99 per kilo — depending on whether they are branded or not — much lower than the average low of P145 and high of P164 at other supermarkets within NCR.
“The DTI is very pleased to see that prices of agricultural products are now at its most reasonable level where consumers are assured to get value for their money, and fair return of investment for the retailers,” said DTI Consumer Protection Group (CPG) Undersecretary Ruth B. Castelo in the statement.
The DTI noted that sellers at the Commonwealth Market are capable of keeping prices low as they source goods directly from the producers.
“Since Commonwealth Market removed the middle players from the supply chain, they are able to sell agricultural products at very low prices. Those retailers who do not have direct link to producers may source their products from Commonwealth Market and sell these at the SRP (suggested retail price) level. In this way, they sell at affordable prices to consumers while gaining reasonable profit,” Ms. Castelo added.
On sugar, the DTI also lauded the Robinsons and SM supermarkets for selling sugar at the set SRPs.
The Sugar Regulatory Administration’s SRP for refined sugar is P50 per kilo and brown sugar at P45. — Janina C. Lim