PRICES of canned sardines will likely increase by as much as 6 percent next September due to higher fuel and fish prices, the Department of Trade and Industry (DTI) said Friday.
DTI Undersecretary Zenaida Maglaya told reporters at a briefing that four of the five manufacturers of sardines are planning to raise prices by P0.25 to P0.30.
One sardine brand, however, requested an increase of as much as P0.75, Maglaya said, raising the suggested retail price of sardines to P12.25 to P13.25 each. She did not name the brand.
Rising fuel and fish prices is the culprit for the impending increase, she stressed.
Fish, for example, which comprises 30 percent of manufacturers’ expenses, has risen by as much as 50 percent since March, according to the Trade Department.