Beginning this Wednesday, the price of imported red onions will carry a suggested retail price (SRP) of P125 per kilo in wet markets in the National Capital Region (NCR), according to the Department of Agriculture (DA).
Kristine Evangelista, DA assistant secretary, told reporters the SRP was agreed on in a meeting last week with importers and retailers.
Evangelista said the SRP was based on the P77 per kilo landed cost of imported onion, the average wholesale price and additional retailer costs that include payment for store spaces and manpower.
But the DA said SRP was not recommended for imported white onions which are priced lower than red ones.
Evangelista also said some suppliers are willing to sell wholesale to retailers on the basis of the SRP.
The DA’s monitoring of select wet markets in NCR show local red onion ranging from P230 to P320 per kilo; imported red onions at P180 to P260 per kilo and local white onion at P120 to P250 per kilo.
