Consumers will get relief from high onion prices as imports arrive. PNA file photo
Onion prices continue to ‘drop’ as imports arrive
THE prevailing retail price of onions continued to drop on Friday as the imports arrived on schedule.
According to the Department of Agriculture (DA) Bantay Presyo (price watch), the lowest price was recorded for local white onions, which are sold at P170 per kilogram, with its highest cost at only P300/kg.
Imported white onions are set at P250/kg to P260/kg, higher than the local white onions.
As the DA projected, arrivals of imported volume have helped in the market price drop.
The prevailing price range of local red onions, meanwhile, is P240/kg to P350/kg, higher than the price range of imported red onions, which is set at P200/kg to P250/kg.
However, the Bureau of Plant Industry (BPI) confirmed that imported red onions appear bigger than locally produced red onions despite being sold at a lower cost.
In an interview, DA Assistant Secretary Kristine Evangelista said they will work on bringing back the prices to peak harvest levels.
“Ang pinakamababa po na presyo ay umabot sa mga P67 or a little less than P70 per kilo. So, ’yun po ang tinitingnan natin ngayon kung paano natin maibabalik ang ganung presyo. Although ito po ay presyo sa panahon na talagang peak of their harvest,” she said.
To achieve this, the DA said discussions with other layers in the entire value chain are yet to be made. Philippine News Agency
