Prices of imported frozen goods rise

Posted at 08/21/14 4:01 PM

MANILA, Philippines – Prices of non-essential, imported frozen goods have gone up by an average of P2 to P10 per pack as observed by supermarket owners.

Philippine Amalgamated Groceries and Supermarkets Association (PAGASA) president Steven Cua said these include frozen meats like meatballs and “siomai” from Taiwan, China and even imported biscuits from Malaysia and Indonesia.

Cua said this is the result of the port congestion problem, but noted that only non-essential and less known brands have been affected.

He said local producers have managed to retain prices so far for fear of losing market share.

However, he warned of further supply and price issues if government fails to solve the problem on the port congestion, which may include products consumed during the holiday season.

Prices may rise due to additional costs if some producers opt to import goods through other ports.

Consumers, meanwhile, were advised by Cua to try lesser known and cheaper brands.