DTI imposes price ceiling in Antique

An employee of the Department of Trade and Industry - Antique checks the prices of basic commodities at a retail store in San Jose de Buenavista town. Because the province is under a state of calamity, an automatic price ceiling is in effect based on November prices. PHOTO COURTESY OF DTI-ANTIQUE
An employee of the Department of Trade and Industry - Antique checks the prices of basic commodities at a retail store in San Jose de Buenavista town. Because the province is under a state of calamity, an automatic price ceiling is in effect based on November prices. PHOTO COURTESY OF DTI-ANTIQUE

SAN JOSE, Antique – The Department of Trade and Industry (DTI) conducts daily price monitoring on basic commodities in establishments covered by the automatic price ceiling (APC) under a state of calamity.

Lynna Joy Cardinal, DTI-Antique information officer, said that since Dec. 24, they have been monitoring various establishments to ensure adherence to the APC.

The price watch would last for 60 days.

“The basis for the APC is last month’s prevailing price,” Cardinal said. “The DTI is reminding establishment owners or managers to adhere to the APC since we are in a state of calamity due to Typhoon Odette.”

President Rodrigo Duterte signed Proclamation No. 1267 on Dec. 21, declaring a state of calamity in areas affected by Typhoon “Odette”, including Antique province in Western Visayas.

A state of calamity will hasten the rescue, relief, and rehabilitation efforts of the government and the private sector, including international assistance.

The APC, meanwhile, controls the prices of basic commodities such as canned sardines, processed milk, and bottled water.

To date, no violations have been recorded in the province.

DTI teams are assisted by Negosyo Center business counselors in the 18 towns of the province and they will also monitor prices of food items usually purchased for the New Year celebration. (PNA)

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