Agri dept says onion prices likely to stabilize | ABS-CBN

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Agri dept says onion prices likely to stabilize

Agri dept says onion prices likely to stabilize

Andrea Taguines,

ABS-CBN News

 | 

Updated Jan 29, 2025 12:39 PM PHT

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Workers unload bags of red onions inside a storage area in Divisoria market in Manila on August 18, 2022. George Calvelo, ABS-CBN News/File


MANILA — Despite a recent uptick in red onion prices, they are not expected to skyrocket like in previous years as the new batch of local supplies start to come in, according to the Department of Agriculture (DA) on Tuesday.

Based on the DA’s weekly monitoring of commodity prices in Metro Manila markets, onion prices have gone up from around P120 per kilo on average during the last week of December 2024 to more than P140 per kilo this January.

DA spokesperson Arnel De Mesa told reporters that this was probably because the stock of red onions in cold storages were starting to run out.

“In-announce na naman yan since last year na magtatagal yan hanggang January, February, yung stocks na nasa mga cold storages,” said De Mesa.

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But he assured the public that there was no risk of shortage as this was properly planned out in time for the harvest season.

“Timing lang din. Paubos yung sibuyas mo pero parating naman yung harvest mo. Meron nang nagha-harvest ng January. Ang peak kasi ng harvest is January, February, March,” he said.

Based on figures from the Bureau of Plant Industry, there were still nearly 8,500 metric tons of red onions in cold storage nationwide as of January 17, 2025.

Yellow onion stocks meanwhile stood at 1,628.40 metric tons.

The new stocks from the ongoing harvest season are expected to gradually replace these within this quarter.

In 2023, red onion prices in the Philippines shot up to over P500 per kilo due to a lack of domestic supply.


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Chinese FM says no winners in arbitrary tariffs

Chinese FM says no winners in arbitrary tariffs

Reuters

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Chinese foreign minister Wang Yi said on Friday that China will "play along to the end" if the United States is bent on suppressing the country.

Wang, speaking at the Munich Security Conference, said China would respond resolutely to unilateral "bullying" practices but hopes the U.S. can work together with it in the same direction.

Asking about China's stance on the Ukraine conflict, Wang said China believes all parties and stakeholders should participate in peace talks on the Russia-Ukraine conflict, and that, Europe, should also play an important role in the process to help address the root cause of the crisis.

Wang strengthened in his speech that China sees Europe as an important pole in a multi-polar world and regards the two sides as partners, not rivals.

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"Protectionism offers no way out and arbitrary tariffs produce no winners."

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