DA to Impose Price Cap on Imported Red Onions, Eyes MSRP for Pork
Manila: The Department of Agriculture (DA) is set to impose a maximum suggested retail price (MSRP) for imported red onions to curb overpricing despite stable supply, Agriculture Secretary Francisco Tiu Laurel Jr. said Thursday. ‘Somebody is taking advantage, and I suspect it’s the retailers. So, we might impose an MSRP for imported red onions,’ Tiu Laurel said in an ambush interview. The cap could take effect next week. He said the maximum price per kg. should be PHP100 to PHP120. According to Philippines News Agency, based on DA – Bantay Presyo data, imported red onions currently retail between PHP90 and