The Department of Agriculture (DA) said Monday it is targeting to have onion prices dip to P170 per kilo to as low as P80/kg this year.
Agriculture Assistant Secretary and spokesperson Kristine Evangelista said they are expecting a better supply of local onion harvest this year considering that they did not import last year, and that they put up more cold storage facilities in strategic areas to extend the shelf life of the commodity.
“I hope it will be less than P170. I hope we can see months wherein we see P80. But the thing is, we are also looking at price stability. We’re trying to help our farmers make price points of which that their farmgate prices will be stable. They know how to spread their losses as well, and to come up with price points that will be stable all throughout the year considering also the cost of cold storage facilities,” she said in an interview on ANC.
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