Vendors expect onion prices to drop as gov’t approves importation of commodity

OtherStories

VENDORS at Bankerohan Public Market and Agdao Public Market are expecting the prices of onion to slowly decrease in the coming weeks after the national government has allowed the importation of the commodity.

As of January 11, 2023, the prices of red and yellow onions are ranging from P450 to P680 per kilogram (kg). During the holidays it peaked at P700/kg.

Wholesale prices for both red and white onions being sold along F. Bangoy Street, Agdao averaged P3,600 per 10 kilograms. During the holidays, they were priced at an average of P4,200 per 10 kilograms.

Some vendors interviewed by SunStar Davao on January 11, 2023 said the price is already at its lowest because they hope to sell as many onions as they can to prevent them from rotting.

“Karon ginapahurot namo ang among baligya, ginapagamay namong presyo, samtang wala pay stock na miabot sa amoa (Now we are selling as much onions as we can. The prices now are lower but we have not received any new stocks),” one vendor, who requested to withhold their name, said.

However, vendors are expecting prices of onions to continue to decrease, after President Ferdinand Marcos Jr., who is also the Agriculture Secretary, approved the importation of 21,060 metric tons of red and yellow onions.

Meanwhile, the Department of Agriculture – Davao Region (DA-Davao) said they cannot give an estimate on how much the exact price drop for onions will be.

However, DA-Davao said they were given a green light to import onions by their Central Office.

The department added that once imported onions arrive in the region, they will monitor the movement of the onions together with Plant Quarantine Service-Davao Region (PQS-Davao). This is to ensure that the prices of onions will stabilize and prevent hoarding. The Port of Davao has been identified as among the entry points for imported onions.

They will also make sure that the farmers will not be at a disadvantage in their earnings. ICE

 

SunStar Davao

SunStar Davao

SunStar Davao is Davao City's most sought after community content provider in both print and online. It is part of the SunStar news network in the Philippines. Sun.Star Davao started as a bi-weekly newspaper Peryodiko Dabaw in December 1985 by Elpidio G. Damaso as the so-called alternative press during the end days of the Marcos dictatorship. It started publishing five times a week the following year and was relaunched as Ang Peryodiko Dabaw on September 7, 1987, marking the entry of new investors and its use of desktop publishing, while its Davao City competitors were still using letterpress.

Related Posts

Next Post

Manila Standard

Must Read

Tsek.ph

ADVERTISEMENT

Recommended

ADVERTISEMENT

Welcome Back!

Login to your account below

Retrieve your password

Please enter your username or email address to reset your password.