Even with the 47% jump in suggested retail price, the real price of red onions in the market is even higher, reaching up to P700 per kilogram.
MANILA, Philippines – The suggested retail price for red onions is now set to P250 per kilogram, up from its previous price of P170.
The new SRP will take effect immediately and remain in place until the first week of January 2023, after which the price will be evaluated in another stakeholders’ consultation. However, even with the new SRP, red onions are expected to sell for much higher. Price monitoring by the DA on Thursday showed that the price per kilogram of red onions ranged from P540 to P700. The lowest prices were recorded at Muñoz Market in Quezon City, while the highest prices were seen at New the Las Piñas City Public Market.
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