Business · Philippines Bureau
DTI assures stable prices for water, essentials despite Super El Niño threat
The Department of Trade and Industry said supplies and prices for basic commodities, including bottled water, remain steady as the Philippines braces for the looming Super El Niño phenomenon. Trade Secretary Maria Cristina Roque urged the public against panic buying, noting that current inventory levels are sufficient to meet consumer demand.
LSN Philippines ·
MANILA — The government has moved to reassure consumers about commodity availability and pricing as the country prepares for the anticipated effects of Super El Niño. Trade Secretary Maria Cristina Roque said Thursday that supplies of essential goods and bottled water remain stable, with no immediate threats to the market. "There is no need to panic," Roque said during a chance interview in Pampanga, adding that inventory levels remain adequate to satisfy demand across the region. The assurance comes as the weather phenomenon looms, potentially affecting agricultural production and commodity availability in the coming months. The DTI chief's statement aims to prevent panic buying and market speculation that could artificially inflate prices during the period of uncertainty. Officials have been monitoring commodity flows and are coordinating with suppliers and retailers to maintain price stability and ensure essential goods remain accessible to Filipino consumers.