Onion stocks shoot up as harvest peaks

The country's onion stocks shoot up as harvest peaks, with initial supplies projected to last until the fourth quarter, according to the Bureau of Plant Industry (BPI).

- By JASPER EMMANUEL ARCALAS

Nationwide red onion stocks reached nearly 40,000 metric tons (MT) at the end of March, with 39,155 MT coming from domestic production, according to the BPI.

The current red onion stocks are sufficient to last until early June, based on the estimates of the BPI, an attached agency of the Department of Agriculture (DA) tasked to oversee the country's plant industry.