Despite ranging between P280 and P300 per kilo, the prevailing market price of red onions has not directly benefited the farmers since they are still in the cropping season, according to Pascua. READ:
Unlike him, Pascua said, many of his fellow farmers would seldom place their harvest at the facility in Palayan City, also in Nueva Ecija, since they could not afford the storage fee. They were thus often forced to immediately sell the onions to traders at a low farm-gate price.
According to Pascua, big-time traders and farmowners would also keep their stock of onions at the cold storage facility until the next harvest season.He said he and his colleagues had been baffled of late by the staggering rise in the price of onions, leading them to suspect “manipulation” on the part of the traders.
He said a bag of urea fertilizer, for example, would cost him P2,500, and he usually needed 13 bags of it for his farm in one cropping season.But due to recent storms that inundated their farms and, again, the rising cost of fertilizers and pesticides, Pascua said some farmers had grown tired of devoting their land to onions.
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