DTI OKs SRP adjustments for 3 coffee product variants, 6 salt products

The Department of Trade and Industry (DTI) on Wednesday said it approved adjustment requests in the suggested retail prices (SRPs) of certain coffee and salt products.

In a statement, the DTI said it has completed the assessment and validation of notifications for price adjustments filed by certain manufacturers in the coffee and salt categories.

It said that price adjustments have been approved for three of 13 stock-keeping units (SKUs) or product variants of coffee and six of 19 SKUs of salt.

“For coffee, the three SKUs with price adjustments are characterized by weight reduction, accompanied by either a decrease in price or no change in price,” the DTI said.

The Trade Department said one additional coffee product is currently under ongoing assessment.

“The prices of the remaining nine SKUs of coffee have not increased, with no notifications for price adjustments filed,” it said.

For salt, the average price increase of the six SKUs is 8%, according to the DTI.

Currently, the agency said there are still 54 notifications it received that are undergoing assessment.

“We are actively discussing with manufacturers regarding the pending price adjustment notifications for the 54 SKUs. Note that 154 or 71% of the 217 SKUs listed in the SRP Bulletin are not notified of price adjustments, and their prices will remain unchanged. Our consumers have the power of choice,” said Trade Secretary Alfredo Pascual.

The DTI said consumers are urged to report retailers, distributors, and manufacturers that sell basic necessities and prime commodities above their SRPs. — RSJ, GMA Integrated News