Connect with us

Hi, what are you looking for?

News

Farmers group slams Marcos’ importation plan 

BW FILE PHOTO

A FARMERS group denounced the government’s importation plan for agricultural goods, saying the entry of onions, rice, and sugar from other countries to increase supply has not been effective in bringing down prices.    

“Importation is a solution for the lazy,” the Kilusang Mambubukid ng Pilipinas (KMP) said in Filipino in a statement on Monday as they, along with consumer and other advocacy groups, held a protest outside the Department of Agriculture head office in Quezon City.  

“What we should strengthen is local food production, not importation,” KMP said.  

The group cited that while onion prices have dropped to P340 to P550 per kilogram (/k), this is still higher than the P250/k retail price suggested by the government. Refined sugar prices range from P90-P100/k, while egg prices are at P8-P10 a piece. 

“It seems that egg prices will end up costing P20 first than a kilogram of rice,” the group said, citing a campaign promise made by President Ferdinand R. Marcos Jr. to bring the staple’s price to P20/k under his administration.  

On Jan. 6, Mr. Marcos approved the importation of over 22,000 metric tons of onions, supposedly to meet high demand and pull-down prices. The Bureau of Plant Industry said 12,417 metric tons of rice arrived in the country during the first week of 2023, while the Agriculture department talked of plans to import 64,050 metric tons of sugar.  

KMP said the country actually has enough onion supply, but smugglers and cartels are manipulating market supply and prices.  

“Significant agricultural subsidies and other forms of support to onion growers like access to markets, free and public cold storage facilities, to name a few, could have mitigated the cartel abuse in onions,” the group said. 

The Senate has started investigations on soaring onion prices while the House of Representatives will conduct its own probe next week. — Beatriz Marie D. Cruz 

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

Elon Musk talks about his company’s Starlink project at the Mobile World Congress, Barcelona, Spain, June 30, 2021. — BRISA PALOMAR / PACIFIC PRESS/SIPA...

News

PHILSTAR FILE PHOTO The National Economic and Development Authority (NEDA) has approved seven “high-impact” projects, ranging from agriculture to transportation, the agency’s top official...

News

Television (TV) advertising is shifting toward addressable TV, a service that allows advertisers to show different ads to different audiences watching the same program,...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Wayne Janse Van Rensburg, Chief Executive of education company Learndirect talks to Business Matters about the inspiration behind their business, which...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Rokt, the global leader in ecommerce technology, is today announcing a new partnership with Oracle Red Bull Racing, the leading Formula...

News

PHILSTAR FILE PHOTO By Luisa Maria Jacinta C. Jocson, Reporter The Finance chief on Friday said he would rather improve tax administration to generate...

You May Also Like

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.