Onions are even cheaper in Switzerland than in the Philippines

Published 2023년 1월 20일

Tridge summary

The article highlights the significant difference in onion prices between the Swiss ski resort of Davos and the Philippines. In the Philippines, onions are selling for up to P600 (€10.20) per kilo due to crop shortages, smuggling, and hoarding, a situation that has led to high food prices and inflation peaking at 8.1 percent in December 2022. This issue is of concern, especially with the global economy expected to enter recession this year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Even in the affluent Swiss ski resort of Davos, onions in supermarkets cost less than a third of their price in the Philippines. There, onions are sold for as much as P600 (€10.20) per kilo. Rising onion prices, which now cost more than beef, have been blamed on a confluence of crop shortages, smuggling and hoarding. The Swiss prices may come as a shock to Filipinos visiting this wintry city, where President Ferdinand Marcos Jr. a delegation of cabinet members, senior officials, legislators and business tycoons leads the WEF. High food prices have contributed to inflation in the Philippines, which peaked at ...

Source: Uiennieuws