The Department of Agriculture (DA) has confirmed that it is eyeing to set the suggested retail price (SRP) of red onions at P250 per kilogram before the year ends.
The Department of Agriculture has confirmed that it is eyeing to set the suggested retail price of red onions at P250 per kilogram before the year ends.
“Based on our meeting with the stakeholders yesterday [Wednesday], our recommendation was to implement an SRP of P250 per kilo. This will be effective until the first week of January. After that, we will meet again since there will be expected harvest so we will look into how to bring the cost even lower,” Evangelista said, partly in Filipino.
“What we are seeing with the price monitoring is the increase in prices of red onions is almost P50 every day in the wet markets, so we had to check what’s causing such. We found out that what’s fluctuating is the farm-gate price,” Evangelista said. Evangelista said that farm-gate price reached P460, adding that this is the reason behind prices of red onion in wet markets spiking up to around P600 to P720 per kilo.
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