Prices of onions have dropped by over P13/kg ;
Some types of rice increased slightly
Some types of rice increased slightly
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NewsTranscript
00:00 Tomato shallots, otherwise known as red onions, and the light-colored ones are a bit easier on the pockets and budgets of
00:06 homemakers and household helpers with their prices having just dropped. In addition,
00:12 the cost of rice is on a gradual slide with prices in the international market also on the dip.
00:17 This piece of welcome news amidst a raging El Nino weather scourge that continues to shizzier and shrivel crops in a little over
00:26 140 provinces as we hear the full report from our Rod Laguzan.
00:31 Marita's purchased onions at this Kadiwa store at the Department of Agriculture today. The price per kilo of onions here is only 35 pesos.
00:41 That's why she took advantage of it, especially since she has a cafeteria.
00:45 This consumer also bought onions for her family.
00:55 This is a huge help for us.
00:57 Because,
01:00 for us in Bulacan, it's very expensive.
01:04 It can reach 80 to 100 pesos.
01:07 According to the Philippine Statistics Authority, 13 primary agricultural products have experienced price drops this February, including onions.
01:15 From around 88 pesos per kilo in the second half of January, it became 174 pesos per kilo on the first half of February.
01:22 The price of onions per kilo has dropped by more than 13 pesos.
01:26 According to the DA, the area of onion production has increased by 40 percent,
01:30 such as in the province of Duay Baicilla in Central Luzon.
01:33 And this coming March and April, the peak harvest for the onions.
01:36 But a group, SINAG, is concerned about the drop in the prices of onion.
01:40 We are being smuggled to monitor the red onions.
01:45 The price of farm gate is now 26 to 28 pesos, while the price of white onions is 23 to 25 pesos.
01:58 Onions are not yet peak.
02:00 The peak of onions is by March.
02:04 We are really afraid that the price of farm gate will drop by 10 to 15 pesos.
02:11 That's what we are monitoring. We hope that it will stabilize so that farmers can earn a little.
02:19 Meanwhile, there are also agricultural products that are regular milled.
02:22 And because of the observed drop in rice prices in the international market, the DA hopes that it will continue to decline.
02:29 It will have an impact on the imported rice that we will be importing.
02:34 And the timing of the start of harvest will be March to April.
02:42 Based on the price of farm gate approved by the NFA Council, which is 19 to 23 pesos for dry rice,
02:51 we can see that it is possible that it will go down and return to the 40 pesos level.
02:56 He added that the price of regular milled and well-milled rice may have price movement in the coming weeks or months.
03:02 Rod Leguizad, from the National TV, for a new and better Republic.