Prices of agricultural products normally fluctuate but increase of prices on all basic and prime commodities are less likely to happen in the next few days, Ernie Pineda, Bacolod City Market Coordinating and Monitoring Task Force head, said yesterday.

Pineda, however said, prices of some brands of canned goods, milk, and coffee products have increased from P0.75 to P5 since December last year. Some of the products have increased twice since December, he added.

They have forwarded the report to the Department of Trade and Industry so that they can evaluate the price increases as well, Pineda said.

Maximo Ravena, DTI chief for the consumer welfare and trade regulatory division, said the DTI national office has issued new suggested retail prices on all basic and prime commodities as of Feb. 23.

Ravena, however said that they will still have to check if the increase in prices is justified and does not exceed the SRP.

Meanwhile, Pineda said prices of dressed chicken, meat, and pork sold at the three satellite markets of Bacolod are stable.

He also said prices of agricultural products are changing because these are dependent on supply. *LTG

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