ONIONS to be imported by the Philippines should come in within the end of May to control local prices of the bulbs from further increasing, the deputy spokesman for the Department of Agriculture (DA) said on Friday.
'We're thinking that within this month, we have to [do the importation],' Rex Estoperez added.He said prices will keep on rising if the importation takes longer.Estoperez also said the import volume will depend on the department's partners and stakeholders.'If they want to hold on to their cold storages and stocks then what, what we'll only do is to lower the prices,' he added.
'Fortunately, the BPI listened to us this time, unlike last year where traders and importers are the ones they attended to,' Cainglet also said.He added that the onions should be imported by July.Earlier, the BPI said implementing a suggested retail price for onions is appropriate with the increasing prices of the commodity.BPI spokesman Jose Diego Roxas said the Agriculture department is looking into the application of SRP to stabilize the prices of onions.
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