The Department of Agriculture (DA) greenlit the importation of 21,060 metric tons (MT) of fresh yellow and red onions to temper the commodity’s retail prices, which have skyrocketed to more than P700 per kilogram in recent weeks. Know more:
The Department of Agriculture greenlit the importation of 21,060 metric tons of fresh yellow and red onions to temper the commodity’s retail prices, which have skyrocketed to more than P700 per kilogram in recent weeks.
The retail price of red onions in the market has been on a par or was even more expensive than meat products. Government monitoring reports showed that the retail price of red onion even peaked at P720 per kg last month. The issuance of the SPSIC for imported onions resumed last January 9 and will end on January 13. In total, the BPI, which oversees onion importation, would issue a total of 163 SPSICs for yellow onions and 326 SPSICs for red onions.
“Importers who failed to utilize the issued SPSIC will not be eligible to apply for the succeeding issuances of SPSIC for fresh onion,” it added. Estoperez said President Marcos Jr., who is concurrently the agriculture secretary, is well aware of the onion importation program. He said Panganiban sent a memorandum to Marcos to inform the chief executive about the matter.
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