ICYMI: Traders and retailers who will violate the suggested retail price bulletin on red onions that the government is planning to issue today face fines ranging from P5,000 to P2 million and imprisonment of five to 15 years.
“From there, it is passed to adjudication. If there is a good reason why the prices are that way, then we go after the trader who sold them the onions at high prices,” she added.
Last October, the DA issued a directive setting an SRP of P170 a kilo to arrest the big price increases in public markets.As of Dec. 29, however, locally produced red onions were still being sold from a low of P540 a kilo to a high of P700 in markets in the National Capital Region, according to the price monitoring report of the DA. Imported onions, on the other hand, were selling for P600 a kilo.This meant a more than three-fold increase from P180 to P220 a kilo a year ago.
“If importation is the only way to reduce the prices of onion, then, the DA could probably allow this even during the holidays when the demand of this product is high,” he said, citing this was allowed in the case of rice to temper the rising price of the Filipino staple.“Although farmers and retailers are benefiting from the high cost of onion, we consumers are heavily affected by this,” Horario pointed out.
“Red onion is priced so high that people just avoid it for their recipes. The DA must study ways to bring it down for it to be affordable,” PCCI president George Barcelon told the Inquirer. “This is caused by shortage so importation with proper taxes paid can lower it,” he said.
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