Imported onions will arrive just as the harvest season already drives prices down, allowing traders to take advantage and buy low from farmers, farmers' groups say.
Onion prices in the Philippines are currentlythan the world average. In the Philippines, a kilo of onions can put you back as much as $10.90 or P600. The global average is just $1.54 or around P84.87.Here’s a look at the prevailing retail price in late 2022, according to price monitoring data from the DA. The suggested retail price set by the DA from October 7 to December 6 and another set from December 29 to December 31 are also included in gray.
Montemayor added that the DA’s previous measure of setting a new SRP made it appear that onion prices were up because of high prices being demanded by the farmers, which was not the case. “At any given time, the farmgate price is not commensurate to the prevailing retail price of onions,” Cainglet said in a statement on January 8. “At its peak, farmgate price is only between P250- P300/ kilo; hence retail prices should have not exceeded P400/kilo at [any] point in time.”
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