The traditional Noche Buena feast could fetch higher than it used to.
Prices of noche buena goods are expected to increase by 10 percent, according to an official of the regional office of the Department of Trade and Industry (DTI 11).
Jennifer Glimada, Trade and Industry Development specialist of DTI-Davao, said an increase is expected, however, DTI is working out that the increase should be only up to 10 percent from the previous price guide on noche buena products.
“Mao na ang ginapaningkamutan ni DTI,” she said over Davao City Disaster Radio (DCDR) on Monday.
Glimada said based on their monitoring, there are noche buena products that increased in price but only at 5 percent to 6.5 percent from their previous price guide that include fruit cocktails, cheese, sandwich spread, queso de bola, pasta, macaroni, and tomato sauce.
She said no movement of prices yet for the ham.
“Base sa among monitoring naa nata’y mga noche buena products nga nag- increase but only at 5 percent to 6.5 percent gikan sa iyahang previous price guide. Pero ang atoang ham wala nag increase ug na-maintain gihapon. Naa’y mga brands na mao lang gihapon sa last year na presyo ang ilahang baligya karon,” she said.
Glimada explained that the manufacturers set the price adjustment and given to the distributors. She said the task of the DTI is to monitor that the suggested retail price (SRP) would not exceed 10 percent.
“Sa atoang pag monitor karon so far reasonable pa gamay kay naa pa sa 5 percent to 6.5 percent. Continues lang pud ang amoang monitoring nga dili pud magsobra sobra nga more than 10 percent,” she said.
