Onions worth €44.4 million sold directly to Philippine consumers

Published 2023년 2월 3일

Tridge summary

The Philippine Department of Agriculture has reported that cooperatives and growers' associations have sold P2.6 billion worth of onions to consumers directly, in line with President Ferdinand R. Marcos Jr.'s vision to increase farmers' income by cutting out middlemen. From September 2022 to January 2023, these outlets sold P2.589 million worth of onions to institutional buyers, including 3,478 kilograms of red onions and 5,106.38 kilograms of white onions, purchased from various parts of the country under the Agribusiness and Marketing Assistance Service initiative.

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

Original content

The Philippine Department of Agriculture reports that P2.6 billion (more than € 44,467,500) worth of onions has been sold by cooperatives and growers' associations to consumers, without intermediaries. “In line with his vision to increase the incomes of farmers and fishermen, President Ferdinand R. Marcos Jr. has directed the Department of Agriculture to connect food producers directly with consumers and institutional buyers, eliminating the middleman,” the agency said in a statement. During the holidays, onion prices rose to P700 (almost €12) per kilo, forcing the ministry to take measures. “From September 2022 to January 24, 2023, the outlets sold approximately P2.589 million worth of onions to institutional buyers, consisting of 3,478 kilograms of red onions worth P755,455 and ...

Source: Uiennieuws