The Philippines government has reportedly called on the country’s bakers to formalise complaints over the cost of flour before it launches an official inquiry.
Go deeper with GlobalData
Following a complaint lodged from the Philippine Baking Industry Group (PhilBaking), Trade Undersecretary for Consumer Welfare Zenaida Maglaya said that the DTI would launch an investigation if the bakers lodged a formal complaint.
“They wrote a letter to Trade Secretary Peter B. Favila and in a meeting we told them to formalise their petition so we can subject the industry for investigation,” Maglaya was reported to have said by BusinessWorld.
In the letter, dated 19 May, PhilBaking said: “We are seeking urgent action … to intercede in behalf of the baking industry and Filipino consumers in order to stop this price increase from the flour millers.”
PhilBaking represents bakers accounting for 70% of supermarket bread sales.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
