Cheaper flour pushes down bread, noodle prices

• Source: http://www.sunstar.com.ph/pampanga/local-news/2015/08/10/cheaper-flour-pushes-down-bread-noodle-prices-423792
• Monday, August 10, 2015

By Warren Serrano (DTI-3)

ANGELES CITY -- Good news for bread lovers.

THE Department of Trade and Industry (DTI) recently reported that the suggested retail prices (SRP) of bread products like Pinoy tasty and pandesal have dropped due to the steady decrease in the price of hard flour.

The Consumer Protection and Advocacy Bureau (CPAB) of DTI said that the baking industry implemented a P0.50 to P1 reduction in the price of loaf bread while the price of 10 pieces of pandesal was reduced by P1.

On the other hand, other bread sellers have increased the weight of their products for the same price to reflect their savings on the cheaper purchase price of flour.

Recent monitoring by the price monitoring team of DTI CPAB showed that the normal price of loaf bread in groceries and bakeries ranging from P47 to P60 has dropped to a range of P 46 to 59.50.

DTI-3 Director Judith Angeles noted that the agency has published new suggested retail prices (SRP) of Pinoy Tasty and Pan de Sal dated July 23, 2015.

As compared to their SRP in April 2015, the present SRP price of Pinoy Tasty is P0.50 lower, while a pack of ten pieces of Pinoy pandesal is P0.25 lower.

As compared to last year, the SRP of Pinoy Tasty has decreased by P1 while the price of pandesal fell by P0.50.

For noodles, the SRP of a 55 gram pack has decreased from P 6.70 in April 2015 to P6.45 in the July 2015 SRP schedule.

As per recent monitoring, the price of Pinoy pandesal in bag with 10 pieces is now P 22, compared to P 24 two weeks ago, in supermarkets and groceries in the region.