The Filipino government is eyeing the implementation of a suggested retail price (SRP) for onions as the agency is looking into the possible hoarding of the bulbs. DA Assistant Secretary and spokesperson Kristine Evangelista disclosed that the DA would also meet with stakeholders, led by farmers’ group Samahang Industriya ng Agrikultura (SINAG), to discuss the issues affecting the supply and cost of onions.
“We will have a scheduled meeting (today). We invited the stakeholders amid the increasing retail price of onions in the markets ranging from P170 to P200 per kilo,” she said. She added that the implementation of P150-per-kilo SRP and the importation of onions would also be on the agenda during agriculture officials’ consultation with farmers’ groups.
An SRP of P150 per kilo will ensure profit for traders and retailers, according to the DA official. “The SRP in the past was also a way to temper the price and price guide at the same time.”
[ P100 = €1.70 ]
Source: philstar.com