Onions are now a luxury in the Philippines - at an eye-watering R260 per kilo | Business

Even before his onions are fully grown, Philippine farmer Luis Angeles races to harvest the crop and cash in on eye-watering prices for a vegetable that has become a luxury item in the country.

But prices remain stubbornly high and onion farmers like Angeles have been harvesting earlier than usual to reap the windfall. As onion memes spread on social media, the humble vegetable has become a symbol of wealth in the poverty-afflicted country.Philippine Airlines crew members on a recent flight from the Middle East were busted trying to smuggle a few bags of the pungent commodity through Manila's airport.It is not the first time the Philippines has experienced a shortage of a basic food staple that caused prices to spike -- sugar, salt and rice have all been hit in the past.

President Ferdinand Marcos appointed himself agriculture secretary to overhaul the near-moribund industry, which accounts for about a quarter of the country's employment but only makes up 10 percent of gross domestic product. The recent lifting of Covid-19 restrictions, which allowed the resumption of food-focused festivals and family gatherings for Christmas, triggered soaring demand for onions.

_Business Bringing tears to my eyes 👀 😢

_Business Also here in SA has started 🙃

_Business 'One day the poor will have nothing to eat but the rich'

_Business

_Business Luxury

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Tongaat Hulett CEO Gavin Hudson resigns, business rescue plan is delayed | BusinessThe release of a business rescue plan for embattled sugar producer Tongaat Hulett has been pushed by a month until the end of February, when CEO Gavin Hudson will also leave the firm after just over four years in the job. | News24_Business _Business Easy solution ask young Johan Rupert to help
Sumber: News24 - 🏆 4. / 80 Baca lebih lajut »

Business Maverick: Ford Slashes Electric Mustang’s Price in Response to TeslaFord Motor Co. is slashing the price of its electric Mustang Mach-E by an average of $4,500 in response to Tesla Inc.’s own recent cuts, stepping up the price wars in a slowing EV market.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »

ChatGPT is testing a paid version — here's what that means for free users | Business InsiderAs OpenAI moves toward charging for more sophisticated versions of its popular ChatGPT bot, users may wonder how much longer they can count on it staying free. | BISouthAfrica
Sumber: News24 - 🏆 4. / 80 Baca lebih lajut »

ESKOM LIVE | Continuous Stage 4 load shedding to be implemented until further notice | BusinessESKOM LIVE | Continuous Stage 4 load shedding to be implemented until further notice | News24_Business _Business Welele! _Business Anizazi banenzantoni nina kodwa shame. YHU _Business PresJGZuma Jacob's Russian nuclear deal seems like a wasted opportunity in retospect
Sumber: News24 - 🏆 4. / 80 Baca lebih lajut »