Price of flour on the rise: DTI-A A +A
By Mia A. Aznar
Monday, September 6, 2010
FOR the past two weeks, the prices of flour have been going up, the Department of Trade and Industry (DTI) has noted.
Zaide Bation of the DTI Consumer Welfare and Business Regulatory Division, told Sun.Star Cebu that the increases were due to the prices of wheat in the world market, saying these have been consistently rising.
As a result, the prices of flour have also been increased by millers.
According to DTI’s records, General Milling now sells each 25-kilogram sack for P750, P5 higher than two weeks ago.
Bakers sells their flour at P735 per 25-kilogram sack from the original P730 and Island sells theirs at P650 from the original P640 per 25-kilogram bag.
The increases are beginning to affect local bakers.
Marilou Bordalba, secretary of the Cebu Bakery Association Inc., told Sun.Star Cebu that she had no choice but to increase the prices of some of her products, saying it is not just the price of flour that is going up. She said the prices of sugar and cooking oil are also increasing although she said that for now, the price of sugar has remained stable.
From P4, Bordalba said she had to increase her breads with filling to P5 this week.
She explained she even delayed the increase while most of other bakeshops already added P1 to their bread products.
However, she said the pan de sal remains at P2.
“We cannot jack up the prices too much because it will affect our bakeshops if our products become too expensive,” Bordalba told Sun.Star Cebu in Bisaya.
The association, however, has not imposed any rules on their members.
From the usual P600 per sack, she fears each 25-kg sack would reach P800 by the middle of this month.
For now, DTI said it will continue monitoring the prices of flour.