Skyrocketing prices in Marawi, nearby areas not true β€” DTI chief

Friday, June 9th, 2017. Filed under: News Philippine News
City Of Marawi

City Of Marawi

MANILA, June 3 (Mabuhay) — Trade Secretary Ramon Lopez on Saturday belied reports of skyrocketing prices of prime commodities in MarawiCity and nearby areas despite the enforcement of a price freeze.

“All areas outside Marawi are reported to have normal flow of goods and normal prices. Good inventory. No price increases. Even in IliganCity and Cagayan De Oro,” Lopez said.

The Trade chief made the clarification amid reports that the price of rice has ballooned to P5,000-P6,000 per sack from the normal price of P2,000 per sack in the conflict-torn city and nearby towns.

“Our Regional Director 10 Linda Boniao checked the public markets reported to have price increase of rice and she saw it’s not true,” Lopez emphasized.

“She also coordinated with [the] Department of Agriculture regional director because it’s rice,” he added.

A price freeze on basic necessities and prime commodities is automatically enforced in Mindanao after President Rodrigo Duterte declared martial law in the island, the DTI said earlier

“Please be advised that we already imposed price control from [the] day martial law was declared. We have monitoring teams everyday in areas outside MarawiCity like Iligan and CDO and nearby towns,” Lopez said.

On May 23, Duterte declared martial law for 60 days in Mindanao amid an armed-conflict between government troops and the ISIS-inspired Maute group, which occupied parts of MarawiCity, the capital of Lanao del Sur Province.

“Our local teams tried to enter Marawi to check prices but was prevented as all residents are being evacuated. We are adding price monitoring teams in the areas around,” the Trade chief said.

“Nevertheless, we have gotten in touch with manufacturers and suppliers of basic goods such as sardines, sugar, rice, milk, etc. to ensure they supply to their retailers in CDO/Iligan areas so we can ensure continued supply and stable prices,” Lopez said.

“We will beef up said supply in case needed. They said they have three weeks inventory. More than the usual one-two week inventory,” he added. (MNS)

City Of Marawi

City Of Marawi

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