Makers freeze prices of select items until July 10

Some manufacturers are implementing a voluntary price freeze until July to help address the impact of El Niño on prices of goods, according to the Department of Trade and Industry (DTI).

- LOUELLA DESIDERIO

In a statement yesterday, the DTI said several manufacturers have decided to voluntarily implement a price freeze on select stock keeping units of bottled water, canned meat and processed milk until July 10. Those included in the voluntary

price freeze are Wilkins Distilled Bottled Water, Viva Mineralized Bottled Water, CDO Luncheon Meat, CDO Meat Loaf, Bingo Corned Beef, Bingo Beef Loaf, CDO Beef Loaf, 555 Meat Loaf, Argentina Meat Loaf, Argentina Corned Beef, Argentina Beef Loaf, 555 Beef Loaf and Birch Tree Full Cream Milk.

The voluntary price freeze is being implemented following the meeting of Trade Secretary Alfredo Pascual with manufacturers of basic necessities and prime commodities last May 3, to discuss how to address the risk of increasing prices due to El Niño.