Is there a “cartel” in the local onion industry? This is the question Marikina City 2nd district Rep. Stella Quimbo wants answered in House Resolution (HR) No. 681, which she filed amid the runaway prices of onions.
Onions in a Quezon City supermarket, and Marikina City 2nd district Rep. Stella Quimbo
The measure instructs the House Committees on Economic Affairs and on Trade and Industry to carry out an investigation in aid of legislation on the alleged existence of a cartel and anti-competitiveness practices in the onion industry. The economist-solon noted that based on figures from the Department of Agriculture , the price range for a kilo of red onions in Metro Manila is P280 to 600, while a kilo of white onions is sold at P400 to P600.On the high end, these prices are nearly double the price of a kilo of pork.
According to Quimbo, the possibility of an onion cartel and the hoarding of the produce was raised as early as August 2022.
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