The Philippine Competition Commission (PCC) on Thursday said it has launched an investigation on the spike in the prices of onion seen in late December last year for possible anti-competitive practices.
In a statement, the PCC said that since November 2022 it has been investigating the high prices of onion for possible cartel or abuse of dominance conduct.
The PCC launched its market assessment as the onion retail prices have been observed at unusual high range and peaked at over P600 per kilo in December last year. “As prices are seen to stabilize due to the imports and the SRP set last February 6, the PCC is looking into the cause of such market anomaly in coordination with the sector regulators and other law enforcement agencies,” the antitrust body said.
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