PH importing 16,000 MT of yellow onions

Published 2024년 8월 28일

Tridge summary

The Philippines is importing 16,000 metric tons of fresh yellow onions to avoid a shortage during the holiday season. The importation, approved by Agriculture Secretary Francisco Tiu Laurel Jr., is expected to address the depleted local stocks and help stabilize market prices. The first batch of imported onions is set to arrive by the end of this week or early next week, with the entire shipment expected to arrive by December 2024, avoiding the harvest season in January 2025. The local supply of red onions is expected to last until March 2025.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Philippines is importing 16,000 metric tons (MT) of fresh yellow onions to ensure sufficient supply of the agricultural commodity in time for the holiday season. Agriculture Secretary Francisco Tiu Laurel Jr., in an interview with reporters on Wednesday, said he has already approved the memorandum on the issuance of sanitary and phytosanitary import clearance (SPSIC) for the importation of fresh yellow onions. "Inapruba ko na nu'ng Lunes 'yung pag-import ng white o yellow onion dahil ang stocks natin sa tantsa ay depleted na (I approved last Monday the importation of white or yellow onions because based on our estimates, the stocks are already depleted)," Tiu Laurel said. The Agriculture chief said the country will be importing 16,000 MT of yellow onions, which will cover the supply deficit for the remainder of the year. The volume is based on the monthly per capita consumption of the country and will serve as the buffer to stabilize prices in the market. "Limited quantity ...
Source: Gmanetwork

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.