Hefty penalties await traders, retailers found violating SRP for onion

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Hefty penalties await traders, retailers found violating SRP for onion
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Traders and retailers who will violate the suggested retail price bulletin on red onion that will be issued on Dec 30 may face fines ranging from P5,000 to P2 million, as well as imprisonment of five to 15 years. | AldenMonzonINQ /PDI

Agriculture Assistant Secretary Kristine Evangelista told the Inquirer on Thursday that these are the possible consequences facing non-compliant sellers or traders of the agricultural commodity in local markets.“What happens first is if a seller didn’t follow the SRP, she/he will be asked to submit a show cause . We will give them a letter of inquiry asking them why their prices are high,” Evangelista told the Inquirer in a phone interview.

“Then, it will be passed on to the adjudication . If there is a good reason why the prices are that way, then, we will go after the trader who sold them the onions at high prices,” she added.

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