THE WAY FORWARD │ Level Up Philippine Agriculture!

Visit at Nepa Q-Mart for SRP Compliance (Feb 24, 2020)

Author: DA Communications Group | 24 February 2020

Agriculture Secretary William D. Dar, Trade Secretary Ramon T. Lopez, and Interior and Local Government Secretary Eduardo M. Año visited the Nepa Q-Mart in Quezon City to monitor if the vendors complied with the Suggested Retail Prices (SRP) set by the Department of Agriculture (DA) on February 24, 2020.

Lopez said that the Department of Trade and Industry (DTI) will issue a Letter of Inquiry (LOI) for the non-compliant stalls. Traders who are found guilty will be given proper sanctions. DTI will continue to monitor the implementation of SRP to public markets.

The Secretaries also agreed to review on imposing “traders’ price” or price cap on agri goods sold by traders to retailers.

Under the Price Act, SRP protects consumers from “hoarding and profiteering activities of unscrupulous traders and cartels who manipulate for their advantage the supply, distribution, marketing and prices of basic agri-fishery goods.” (Photos by Alan Jay Jacalan, DA-AFID)