Investment grade still at risk as debt-to-GDP ratio stays above 60% in 2022

by Ramon Royandoyan Philstar.com

down the prices to benefit the consumers,” he added.

Earlier, Estoperez said the retail prices of onions will go down between P100 and P120 per kilo because of imported bulbs flooding the markets.

DA monitoring data said the retail price of imported red onions ranged between P180 and P220 per kilo; and imported white onions, between P180 and P250 per kilo.

The retail price of local red onions ranged from P200 to P330 per kilo and local white onions between P170 and P300 per kilo.

At Mega Q Mart in Quezon City, the retail price of onions ranged from P200 to 250 per kilo.

Onions were sold for as high as P330 per kilo at New Las Piñas City Public Market in Las Piñas.

The DA said the country’s annual onions consumption is estimated at 260,000 MT or 21,679 MT monthly. At least 100,000 MT of onions were presumably wasted because of a lack of cold storage.

In 2022, a total of 283,172 MT of red and yellow onions, as well as shallots, were harvested locally from 29,728 hectares of production area. n