CALASIAO, PANGASINAN — The iconic “puto (rice cake)” has not been spared from spiraling prices triggered by the latest tax reform law. ADVERTISEMENTWhite sugar sold for P45-P50 per kg, which was higher than the P39-P42.80 per kg price recorded by the PSA on Dec. 29, 2017. Puto producers agreed to uniformly raise prices in an April meeting, but the decision has not affected the demand for puto, which remains to be the town’s top product. The town’s biggest producer, “Bella’s Puto,” sells about 600 kg a day. Sales increase during the Christmas season, with at least 1,000 kg sold each day.

Source: Philippine Daily Inquirer May 03, 2018 16:18 UTC