Only 1,900 tons of imported onions arrived in the Philippines last week

Published 2023년 2월 3일

Tridge summary

The Department of Agriculture in the Philippines has reported that only 1,900 tons of the allowed 5,000 tons of imported onions have arrived as the deadline passed on Friday. The Bureau of Plant Industry expects to release the remaining 900 tons to be inspected by the end of the week or early next week. The government has permitted limited onion imports to help reduce rising prices. However, the country is experiencing shortages of various basic foodstuffs, contributing to inflation at its highest since the 2008 global financial crisis. The government is investigating claims of hoarding and manipulation by traders to artificially create shortages and increase prices.

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

Original content

Only 1,900 tons of the permitted 5,000 tons of imported onions have arrived as the Department of Agriculture's (DA) deadline for imports passed on Friday. “So far, about 1,900 tons of imported onions have arrived, 1,000 tons are on the market, and 900 tons are yet to be inspected,” said the Bureau of Plant Industry (BPI) official in charge, Jose Diego Roxas, in an interview on Friday. The BPI expects to release the 900 tons of onions still to be inspected Friday or next week, Roxas added. The ministry will ban onion imports after January 27 "and we will monitor that closely," he concluded. The government allowed a limited number of onions in an attempt to curb rapidly rising prices. As of Friday, retail prices of imported white onions were between P250 and P300 per kilo and of imported red onions between P200 and P250 per kilo. President Marcos in a tight spot When Ferdinand Marcos Jr. was elected President of the Philippines in mid-2022, he appointed himself Secretary of ...

Source: Uiennieuws