The Philippines has a sufficient supply of salt despite the increase in its suggested retail prices, the Department of Trade and Industry (DTI) said on Thursday.
"On the issue of supply, we have sufficient supply kasi marami tayo… We have three or four large companies na gumagawa ng asin tapos meron pa tayong mga imported," Trade Undersecretary Ruth Castelo said in a public briefing.
Castelo noted that the approved increase comes six years after their last hike.
In its bulletin released on August 12, 2022, the DTI approved upward movements in prices of iodized rock salt to PHP 21.75 for 500 grams and PHP 23.00 for one kilogram.
In terms of iodized salt, the suggested retail price for a 100-gram pack is set at PHP 4.50, while the price for a 250-gram pack ranges from PHP 9.00 to PHP 11.75 and P16.00 to PHP 21.25 for a 500-gram pack. One kilogram of salt is priced at PHP 29.00.
