‘Onion prices could spike anew to P500-P700/kilo’MANILA, Philippines — Farmers’ group Samahang Industriya ng Agrikultura (SINAG) warned yesterday that the retail price of onions could reach as high as P500 to P700 per kilo amid the abrupt spike in the cost of the bulbs. BPI spokesnan Diego Roxas confirmed So’s statement that the stocks of white onions are only good until July. “Our white onions will last until mid-July and for red onions, we expect enough supply until November or December,” Roxas said. “Let me tell you frankly, we have not issued any permit for onion importation for the last four months. “We cannot do anything about it if the institutional buyers used all the stocks of white onions,” he said.

Source: Philippine Star May 18, 2023 14:33 UTC