DA raises price ceiling for imported red onions

The Department of Agriculture (DA) is raising the maximum suggested retail price (MSRP) for imported red onions in wet markets.

In an interview with reporters on Wednesday, Agriculture Secretary Francisco Tiu Laurel Jr. confirmed the price adjustment.

“We adjusted the MSRP for red onions to P150 per kilo from P120 per kilo, (and will take effect) starting tomorrow,” he said.

“But yellow onions or white onions will remain at P120 per kilo,” Tiu Laurel added.

The DA chief explained that the higher MSRP was caused by the increase in the prices of red onions from source countries such as China, Holland, and India.

“Thus, we have to adjust as we see… the dollar strengthened while the peso weakened. That’s part of the equation,” he said.—MCG, GMA Integrated News