The onion shortage has eased slightly, and the Philippines is in a garlic supply crisis again

Published 2023년 2월 7일

Tridge summary

The Philippine onion market is recovering from high prices, with current prices dropping to 200-350 pesos/kg for red and white onions. However, local garlic is facing supply shortages and is being replaced by imported garlic, especially from China which is only 1/3 to 1/2 the price of local garlic. This has led to a significant decrease in the supply of local garlic, which in 2022 only accounted for 6% of the total supply, a decrease from 9% in 2018. The high price of local garlic and lack of buyers have resulted in some garlic being stored until it rots, deterring farmers from planting garlic.

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

Original content

The Philippine onion market has yet to recover from the high prices that have persisted for several months, and local garlic is starting to face supply shortages again. The price monitoring of the Philippine Department of Agriculture (DA) shows that compared with the historically high retail price of 700 pesos/kg (86.8 yuan/kg) in December last year, the current retail price of red onions and white onions produced in the Philippines has dropped to 200-350 pesos. Pesos/kg (25-43.8 yuan/kg). Recently, the Philippine Department of Agriculture (DA) found that imported garlic, especially Chinese garlic, was only 80 pesos/kg (9.9 yuan/kg), while locally grown garlic was as high as 300 pesos/kg (37.2 yuan/kg). The inventory of agricultural products has been significantly reduced, and the supply in 2022 has been basically exhausted in a series of holidays in December, and the local garlic supply is seriously insufficient. As early as August last year, the Philippine Department of ...

Source: Guojiguoshu