Onion prices up again: P160 to P180 per kilo
ONION prices are spiraling up again in markets in the province.
Both red and white onions were already selling at an average of P160 to P180 per kilogram last week.
According to the Price Comparison of the Department of Agriculture Region 1, the price rose by 30 to 40 percent since the beginning of May this year.
The vendors attribute the new increase in price to low supply, noting smaller quantities of onions being delivered to ‘bagsakan’ markets.
Similar cases have also been recorded in other provinces, most notably in the National Capital Region, where onion price averages from P180 to P200 per kilogram.
However, Vida Cacal, DA Region 1 information officer, said the price may stabilize as soon as large volumes of onions bought during the previous harvest season, are released from suppliers’ cold storage facilities.
Earlier, the DA national office said they will begin importing more onions in order to stabilize supply.
The Samahang Industriya ng Agrikultura (SINAG) earlier warned traders that there will be short supply of white onions soon because white onions only last for three months, or only until July, when placed in cold storage. (Ahikam Pasion)
Share your Comments or Reactions
Powered by Facebook Comments