The Philippine Competition Commission (PCC) said it has been investigating the high prices of onions for a possible cartel since November 2022. Know more:
THE Philippine Competition Commission said it has been investigating the high prices of onions for a possible cartel since November 2022.
“Since November 2022, the Philippine Competition Commission [PCC] has been investigating the high prices of onion for possible cartel or abuse of dominance conduct, consistent with the probe prompted by House Speaker Cong. Martin G. Romualdez and House Resolution No. 681 filed by Cong. Stella A. Quimbo,” PCC said in its statement on Thursday.
Meanwhile, in a televised interview on Wednesday, Trade Secretary Alfredo E. Pascual said the Department of Trade and Industry has clarified anew that the Trade department is not the agency that sets the SRP for agricultural products. However, the Trade chief said DTI is assisting the Agriculture department in monitoring prices in the market.
While the DTI has no jurisdiction over the retail price for agricultural products, Pascual said the Trade department steps into the picture when it comes to improving the efficiency of the country’s supply chain.
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