DTI issues price freeze in Davao del Norte

    PANABO CITY, Davao del Norte -- Following the presidential declaration of martial law and suspension of the writ of habeas corpus in Mindanao, the Department of Trade and Industry (DTI) XI has issued an advisory setting a price ceiling in the province of Davao del Norte.
    The automatic price freeze that will run for 60 days includes basic prime commodities such as canned goods, milk, laundry soap, instant noodles, salt, flour, and coffee.
    However, DTI clarified that the price and supply monitoring of dried fish and other marine products, fresh pork, beef, poultry meat, and fresh produce falls under the jurisdiction of the Department of Agriculture (DA). As of this date, the agricultural agency has not declared any price restrictions yet.
    Through the effective price freeze, consumers may report business establishments not following the issued retail price to the DTI.
    Business violators who will be found guilty of this will be fined a minimum of P5000 up to P1 million pesos or up to 10 years of imprisonment based on RA 7581 or the Price Act.
    Following the 60-day period on the declaration of Martial Law, the price freeze will last until July 22, unless lifted by the President, or revoked by the Congress, or nullified by the Supreme Court.
    Details of the prevailing buying price in Panabo and other municipalities and cities in Davao del Norte may be checked in the official Facebook page of City Info Panabo or DTI Davao del Norte Field Office.

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