FOOD and beverage firm Del Monte Pacific Ltd. has shelved the planned listing of its Philippine unit, citing volatile market conditions and extending a dearth of initial public offerings at the Philippine Stock Exchange.

Final pricing for Del Monte Philippines, Inc.’s (DMPI) P17.5-billion IPO was supposed to have been announced last Wednesday, June 6, and the offer period was to run from June 8 to 18 with a June 25 listing.