MANILA, Philippines – When a ranking agriculture official failed to explain the exorbitant price of onions at a House agriculture committee hearing on Wednesday, January 25, Marikina 2nd District Representative Stella Quimbo offered what many consider a plausible answer: cartels.
The demand for red onions in 2022 was 363,937 metric tons, but the supply was only around 338,354 metric tons, according to the DA. “I cannot say if there is a cartel, but aside from the production and importation, there is someone controlling [the supply]. I’m not sure if that is how you call it,” Panganiban said.. That’s it. There just has to be artificial manipulation of prices because the market cannot explain why the prices were adjusted like that,” Quimbo asserted.
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