House budget panel vice chair Stella Quimbo says Congress should check how the government agency tasked to ensure the competitive prices of onions in the market is doing its job.
MANILA, Philippines – A ranking member of the House of Representatives filed a resolution asking the committees on economic affairs and trade and industry to look into the alleged anti-competitive practices and cartel in the Philippines’ onion industry.
“Congress has to exercise functions on the Philippine Competition Commission, which is expected to effectively perform its mandate to investigate and prosecute anti-competitive practices in the market for onions, considering the continuous rice in the price of onions,” read the resolution filed by Marikina 2nd District Representative Stella Quimbo, who sits as vice chairperson of the appropriations panel.Quimbo pointed out that the Bureau of Customs has seized not less than P23.
Based on the Department of Agriculture’s price monitoring data, local red onions are sold in the markets for P480 to P600 per kilo; white onions are priced at around P450 to 600. Such prices are 607% more costly than the international average which is $1.54 per kilo or around P84.87, based on the
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