Govt to traders: Stop hoarding red onions | Raadee S. Sausa

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The government is appealing to traders to refrain from hoarding red onions as this can lead to an artificial shortage and higher onion prices.

Agriculture Assistant Secretary Rex Estoperez also said the government would be forced to import onions if traders will not release their stocks.

Estoperez said the government does not want to see another spike in onion retail prices, similar to what happened in December last year, when red onions were sold for as much as P720 per kilo. Based on the inventory of the Bureau of Plant Industry , the country’s stock for white onions would only last for 30 days.BPI Director Gerald Glenn Panganiban said at least 4,000 metric tons of imported white onions are expected to arrive in the country next week.

 

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