The Makabayan bloc has called on Congress to investigate the potential overpricing and price manipulation of onions in the market.
In House Resolution 673, Gabriel Rep. Arlene Brosas, Act Teachers Rep. France Castro and Kabataan Rep. Raoul Manuel said there are reasons to believe that there is an “ongoing control and manipulation” of onion prices from farmgate to market retail by big traders who store onions in cold storage warehouses.
As of December 28, 2022, they added that the Department of Agriculture reported that the price of local red onions was between P500 and P720 per kg, while the price of local white onions was P600 per kg. “Despite the low farmgate price of onion, its retail price in markets and stores has continued to increase. Such huge discrepancy indicates potential price manipulation which makes onions more expensive. Aside from that, smuggling and over-importation of onions remain major problems, which also severely affect local supply and prices,” they added.
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