Manila, Dec. 10 -- The Department of Agriculture (DA) announced Wednesday that it will raise the maximum suggested retail price (MSRP) for red onions to PHP150 per kg. starting Dec. 11, following reports of slightly higher import prices and an increase in landed cost from PHP60 to PHP80 per kg.
Agriculture Secretary Francisco Tiu Laurel Jr. said importers reported price hikes in major sources such as China, Poland, and India, prompting the adjustment from the recently imposed PHP120 per kg. limit.
"There's a slight spike, but if we are to compute, the PHP120 will no longer be enough, which we have set, so now, we will adjust the MSRP-probably effective tomorrow-from PHP120 to PHP150," he said in an ambush interview.
The agency had earl...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.