The government sees the cost of pan de sal, loaf bread and other bread products going up due to the unstable price of wheat.
In an interview at Sofitel Hotel Monday night, Trade Secretary Gregory Domingo said the unstable supply of wheat has a negative impact on prices.
“The bakers are trying to cooperate that is why the price of Pinoy Tasty will hold steady for a while,” he said.
Meanwhile, Domingo said they are already looking for ways to decrease the price of sugar.
Prices are at a high of P58 per kilo in spite of oversupply, he added.
Domingo said the gap between the mill gate price and the retail price is steep.
Read more at Philippine Star