Onion prices may drop to P100-P150 per kilo amid importation —DA exec

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Onion prices may drop to P100-P150 per kilo amid importation —DA exec
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“From now until the 27th, ang tinitingnan natin, bababa ang presyo dahil ang sinasabi ko nga we have to address also the inflation ng red onions....Kailangan nating magbigay din ng limit kung kailan at kung ang volume dahil naman sa proteksyon natin sa ating mga magsasaka,” the DA official said. “Dapat hindi siya bumaba dun sa cost of production ng ating mga magsasaka.  The cap siguro from P100 to P150,” he added.

With more supply coming after Malacanang allowed its importation, the price of onion in the market is seen to drop to P100 to P150 per kilo, an official of the Department of Agriculture .

“From now until the 27th, ang tinitingnan natin, bababa ang presyo dahil ang sinasabi ko nga we have to address also the inflation ng red onions....Kailangan nating magbigay din ng limit kung kailan at kung ang volume dahil naman sa proteksyon natin sa ating mga magsasaka,” he said. Several farmers in some parts of the country, however, are dismayed over the decision to import as they have started to harvest the bulb. They said they might find it hard to recover their cost of production if prices of the imported onions will be too low.

President Ferdinand “Bongbong” Marcos Jr. greenlighted the importation of 21,000 metric tons of red and white onions to arrest its soaring prices.

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gmanews /  🏆 11. in PH

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