The Department of Agriculture should focus on increasing local production while also curbing profiteering and price manipulation in the market, according to FFFCI national manager Raul Montemayor.
Meanwhile, the market price of red onions when the DA implemented their previous
“Many were placed in cold storage by traders who are now taking advantage of the tight supply brought about by a series of typhoons which damaged crops, and the failure of the DA to monitor stocks and allow some imports to augment supplies in September or October,” Montemayor explained.The DA has previously stated that it will not import red onions for the remainder of the year.
Montemayor added: “If there is supply, it is very tight. Unless they fix the marketing system, imports will again be cornered by the very same traders who are controlling supply and manipulating prices.”
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