The Bureau of Plant Industry (BPI) on Wednesday assured that there is a sufficient supply of onions in the country amid the rising onion prices in the market.
&ldquo;Sapat naman po ang ating supply ng sibuyas, mapapula o puti. Sa puting sibuyas, inaasahan na ang supply ay magtatagal po hanggang mid July&rdquo; BPI spokesperson Jose Diego Roxas said in an interview during Laging Handa public briefing.
&ldquo;Samantalang ang pulang sibuyas naman po ay inaasahang magtatagal hanggang buwan ng Nobyembre hanggang Disyembre,&rdquo; he added.
According to Roxas, despite sufficient onion supply, the market price for red onions is reaching as high as ₱160 to ₱200 per kilo and local white onions range ₱150 to ₱200 per kg.
He said they are now working closely with the Philippine Competition Commission (PCC) to look if there is price manipulation in the marketplace.
Meanwhile, Roxas bared that they are studying the imposition of suggested retail prices (SRP) for red and white onions.
&ldquo;Napapanahon na po ang SRP, sapagkat ang SRP po, ito po &lsquo;yung magiging basehan natin o benchmark kung ano po ba &lsquo;yung tama at makatarungang presyo ng sibuyas,&rdquo; he said.
Written By Dana Ebreo, DZRH News Online Intern
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Bureau of Plant Industry assures sufficient supply of onion amid rising market price