There is no plan to impose a suggested retail price (SRP) on onions despite a spike in retail prices as the bulbs are sold at P220 per kilo. According to Bureau of Plant Industry director Gerald Glenn Panganiban, at least 21,000 tons of onions are expected to arrive in December to ensure a steady supply amid the expected demand increase during the holidays.
The DA implemented a P250 per kilo SRP in December 2022 but the price of onions skyrocketed to P720 per kilo amid the supply shortage. Panganiban said there is currently no supply shortage, adding that of the total volume of imported bulbs, around 17,000 tons are red onions and 4,000 tons are white onions. He noted that imported onions are expected to arrive this week.
[ P10 = €0.16 ]