Philippines suspends importation of onion until May

Published Jan 19, 2024

Tridge summary

Agriculture Secretary Francisco Tiu Laurel Jr. has temporarily suspended onion importation until May to prevent further decrease in onion prices due to supply glut. The increased supply has caused farm gate prices of onion to drop, with some areas reporting prices as low as P20 a kilo. Although the importation halt could be extended until July, it may be adjusted if there is a sudden supply shortfall due to El Niño.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agriculture Secretary Francisco Tiu Laurel Jr. has ordered a temporary suspension of onion importation until May. In a statement on Friday, the Department of Agriculture (DA) said Laurel issued the order “to prevent further depressing onion prices due to supply glut.” The agency said the increased supply has pushed down farm gate prices of onion between P50 and P70 a kilo, and could fall further when more onions are harvested in February. In some areas in Nueva Ecija, which accounts for 97% of onion production in Luzon, farm gate prices have dropped to as low as P20 a kilo, it said. Laurel met representatives of the Philippine Chamber of Agriculture and Food Inc. (PCAFI), on Thursday, to discuss the surge in domestic supply of onion due to fresh harvest and arrival of additional supply imported in December, according to the DA. Among the culprit for the supply glut was the delayed arrival of 99 tons of onion imported in December, which now entered the country between January 1 and ...
Source: Gmanetwork

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