Economist-solon Marikina City 2nd district Rep. Stella Quimbo appears to have cracked the hoarding-price manipulation code that the likes of 'Sibuyas Queen' Lilia Cruz (alias Leah Cruz) are allegedly employing.
Here's how the whole onion hoarding-price manipulation scheme works, according to Marikina City 2nd district Rep. Stella Quimbo .
And based on what Quimbo learned from the panel inquiry, this supposed onion cartel is industry-wide and designed to leave local farmers out in the cold. It was established in earlier hearings of the House panel that Cruz purchases onions in bulk from the local farmers. Quimbo further noted that because the cartel is "fully, vertically integrated" with the involvement of such players, it can easily control the supply of a commodity in the market.
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