NPCC eyes ‘legal actions’ to temper soaring onion prices

The National Price Coordinating Council , which is chaired by the Department of Trade and Industry , is looking at “legal actions” among possible solutions to soaring prices of onion in the country to protect consumers and improve supply.

Pascual did not elaborate on the “legal actions” mentioned in the statement but told the members of NPCC: ”Given this crucial situation, we are to deliver immediate results to temper the prices of goods and ensure the availability of affordable basic necessities and prime commodities for consumers. We must tap other agencies who can be our allies in this endeavor.”

The DTI, as one of the implementing agencies of the Price Act, has been assisting the DA in monitoring prices of some agricultural products. Upon the publication of the Suggested Retail Price for red onions, Secretary Pascual immediately deployed price monitoring teams across the country to check its prices and supply in wet markets and supermarkets. Further, he also led the monitoring taskforce of the Fair Trade Enforcement Bureau during the Ikot Palengke Program.

The areas covered in the price freeze are located in the provinces of Palawan; Leyte; Samar and Eastern Samar and Northern Samar; Zamboanga del Norte and Sur; Misamis Oriental and Occidental; Lanao del Norte; Davao del Norte; and Surigao del Norte and Sur. The price freeze shall be automatically terminated after 60 days unless sooner lifted by the President. To ensure the stability of prices and availability of supply, the DTI monitors products under its jurisdiction such as canned fish, locally manufactured instant noodles, bottled water, bread, processed milk, coffee, candles, laundry soap, detergent, and salt.

Source: Law Daily Report (lawdailyreport.net)

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