Megaq Mart News Today

Onion and garlic prices stable - potato supply and prices to stabilize by Q4

MANILA (ANN/PHILIPPINE DAILY INQUIRER) – Retail prices of rice in Metro Manila, Philippines began to drop on Tuesday, as the first day of an executive order that set a price ceiling on the staple food took effect, the country’s Department of Agriculture (DA) reported. Locally produced regular-milled rice was selling from PHP41 to PHP52 a […]

'What will we do now?' a rice retailer asks agriculture officials inspecting a public market on the first day of the implementation of the price ceiling on rice

20 August 2023, Quezon City. Skin lightening creams banned to protect human health and the environment from the harmful impacts of mercury contamination have

Farmers’ group Samahang Industriya ng Agrikultura countered the claim of a ranking official of the Department of Agriculture that the implementation of the P150 suggested retail price for red onions and P140 for white onions was supposed to be an internal agreement, after a senior DA official did not sign the draft memorandum order.

The retail price of onions went down by P10 per kilo as the Department of Agriculture reported that the highest cost of the bulb is now at P190 per kilo compared to P200 per kilo in the previous days.

Farmers’ group Samahang Industriya ng Agrikultura yesterday questioned the Department of Agriculture decision to delay the enforcement of a suggested retail price scheme for onions – P150 per kilo for the red bulbs and P140 for the white variety – as an attempt to bring market prices down.

A ranking official of the Department of Agriculture yesterday vowed that cases of profiteering and price manipulation await traders and retailers who fail to comply with the P150 per kilo suggested retail price for red onions and P140 per kilo SRP for white onions.

The Department of Agriculture will implement a P150 per kilo suggested retail price for red onions and P140 for white onions starting Monday to address the spike in prices of the bulbs.

Farmers’ group Samahang Industriya ng Agrikultura warned yesterday that the retail price of onions could reach as high as P500 to P700 per kilo amid the abrupt spike in the cost of the bulbs.