Although there has been a resurgence of film photography recently, Fujifilm YKL has quietly increased the prices of their products with other stores set to follow suit in the near future. Here’s why.
Our sources in the industry cite that the poor performance of the Peso against the Dollar is the main cause of the hike. And since film is an import product, suppliers will have to shell out more money to bring in inventory. The costs of doing so are compounded by the duties and taxes of importation. This leaves stores with no choice but to increase the prices if they want to keep selling fresh film in the Philippines.
To put that in perspective, the Fujicolor C200, which we took out on a Film Road Test, now costs P215 from P180, the Fujicolor Superia X-TRA 400 increased to P290 from P240, and the Neopan Acros 100 is now priced at P343 compared to P284 a few months ago.
Related article: Fujifilm announces the end of 4 films in 2018
What can we do to help stores to keep selling fresh film stock? There are several factors that can affect the economics of film supply here in the Philippines. We have to understand that buying from stores that sell FRESH film, despite the price increase, also means we are supporting the continuity of fresh supply from reliable sources.
The supply of expired films will run out eventually and if we don’t support stores such as Fujifilm YKL or Film Folk, that’s a very dim future for the film market locally.
Let’s keep film alive in the Philippines. Buy fresh film stock now.