Despite a prospective resolution on their supply woes, sardine canners will not rescind their P3-price increase petition as the industry continues to reel from rising production costs due to weakening of the Philippine peso. Canned Sardines Association of the Philippines (CSAP) Executive Director Francisco Buencamino said the government’s latest intervention on addressing the industry’s supply problems is only a part of the entire production woes faced by canners. Buencamino explained that the petition to increase the suggested retail price (SRP) for canned sardine by P3 was filed by CSAP in July, months before the group warned of a “looming” raw material shortage in the latter part of the year.

Arcalas, J. E. Y. (2022, October 25). Sardine canners stay put on ₱3 price hike. BusinessMirror, p. A16.