Yellow onion prices stable as imports arrive
The Philippine Star
|November 02, 2024
At least 10,000 metric tons (MT) of fresh yellow onions arrived in the country, augmenting domestic stocks and stabilizing prices as all local supplies have been nearly consumed in the market.
Bureau of Plant Industry (BPI) data showed that some 10,370 MT of fresh yellow onions have been imported into the country as of Oct. 24.
The latest figure accounts for almost 65 percent of the 16,000 MT import volume approved by Agriculture Secretary Francisco Tiu Laurel Jr. in August following the projected depletion of stocks of locally produced yellow onions.
BPI data showed that 1,173 MT of fresh yellow onions were imported in August, 5,857 MT in September and 3,140 MT in October.
This story is from the November 02, 2024 edition of The Philippine Star.
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