Retail onion prices at ₧200 a kilo as imports arrive | Jasper Y. Arcalas

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Retail onion prices at ₧200 a kilo as imports arrive | Jasper Y. Arcalas
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The retail price of onions plunged on Monday to a low of P200 per kilogram as imported supplies started to enter the country. Know more:

THE retail price of onions plunged on Monday to a low of P200 per kilogram as imported supplies started to enter the country.

Panganiban told reporters that about 400 metric tons of yellow onions and 800 MT of red onions are now in the local cold storages and are awaiting second border clearance by the BPI.The BPI earlier opened its 21,060-MT onion importation program, but only about 5,000 MT were issued sanitary and phytosanitary import clearances as importers showed weak appetite for the import program due to various factors.

However, DA reports also showed that local white onions are fetching P200 to P350 per kilogram while prices of imported white onions are ranging from P220 to P300 per kilogram. Panganiban reiterated that they do not expect the whole 5,000 MT approved imports to arrive in the country, which is a usual pattern in previous importation programs of the government.

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