The suggested retail price (SRP) of imported onion has been pegged at P125 per kilo based on landed cost of P14 per kilo only.
The suggested retail price of imported onion has been pegged at P125 per kilo based on landed cost of P14 per kilo only.
Meantime, the Trade and Industry Undersecretary Ruth B. Castelo revealed at the Laging Handa briefing that Malacanang has approved the initiatives proposed by the Department of Trade and Industry to limit the participation of middle men in the onion trade. Castelo explained that the DA can issue its own SRP for agricultural products, separate from the DTI SRP bulletin that covers processed basic necessities and prime commodities , but the agency should ensure availability of these products otherwise the SRO becomes a “useless endeavor.”
The DTI can also issue LOI to SRP violators to be forwarded to the DA for their handling and case filing. “DA will have to issue the Notice of Violation because it is their SRP. Our initiatives are parallel but not joint,” she explained.
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