SRP for onions set at P125/k PBBM okays move to rein in inflation, limits middlemen in trading READ MORE:
The Department of Agriculture has set the suggested retail price of P125 per kilo for imported red onions, which will take effect on Feb. 8, Assistant Secretary Kristine Evangelista said Monday.This developed as President Ferdinand Marcos Jr. approved several initiatives proposed by the Department of Trade and Industry to help regulate the soaring prices of onions in the country, including limiting the number of traders involved in the supply chain of imported and locally produced onions.
“Of course, the DTI really has to help as our contribution to the country’s food security. These are agricultural products. but there are already initiatives proposed by DTI Sec. Pascual which the President approved,” Castelo told ABS-CBN. “So, we can see that the prices are going down and once there has been a continuous harvest from local producers, the prices will further continue to go down. We also need to bring down the prices of the imported onion because, from the landed cost as our starting point, we’re eyeing how to lessen the markup of the traders’ prices,” Castelo added.
“We are also giving a budget to the DA and your agency, so we want to make sure you are performing optimally. It doesn’t seem to be the case at the moment—but we want to get there. Because at the end of the day, with the best data, the best feedback, we can make the best policies so we can avoid this situation where some unscrupulous personalities and cartels are taking advantage of the situation,” Romualdez said.
Undersecretary Ruth B. Castelo, of Consumer Protection Group; Werlina Lim, Division Chief, Price and Supply Division; Marco Maat, Deputy Department Legislative Liaison Officer ; and Ma. Concepcion Simeon, Department Legislative Liaison Specialist , were among the officials who represented DTI.
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