The Department of Agriculture (DA) said Monday it expects onion prices, which have shot up to more than P700 a kilo in some markets, to fall below P170 a kilo later this year as the supply of the commodity stabilizes with the coming harvest. READ:
kilo in some markets, to fall below P170 a kilo later this year as the supply of the commodity stabilizes with the coming harvest.
By the middle of January, the DA said it is expecting a lower price of onions amid efforts to boost the supply in markets. Vendors said they could not comply with the P250/kilo SRP because they bought the red onions at P440 per kilo from wholesalers in Balintawak. But Pimentel said a full-time DA secretary needs to focus on the massive problems hounding the sector, including the high cost of onions and other agricultural products.
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