12 importer at trader na sangkot umano sa cartel na dahilan ng pagtaas ng presyo ng sibuyas, sinampahan na ng kaso ng PCC

2 months ago

12 importer at trader na sangkot umano sa cartel na dahilan ng pagtaas ng presyo ng sibuyas, sinampahan na ng kaso ng PCC

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Transcript

00:00The Philippine Competition Commission of PCC filed a case against the 12 importers and traders who have the same owner in the cartel

00:09whose price went up because of the price of onions. Here is the story.

00:15The Philippine Competition Commission conducted an administrative search in a business in September 2023.

00:22The cartel owned by onions was discovered, including the 12 importers and traders.

00:29The sensitive information of the businessmen changed to control and manipulate the supply and price of onions.

00:37These entities that are involved are really talking to each other.

00:42We saw it in the emails, in the exchange of communication, who are their suppliers, when will the shipment arrive,

00:50how many SPSICs will they apply, when will the imports go in, and what is the volume.

00:59The cartel started operating in 2019 and lasted until 2023.

01:05It is said that this is related to the onion crisis of 2022, when the price of onions went up to more than P700.

01:14They contributed because all cartels, when they are there, the effect is that the price goes up or the volume that goes around the market goes down.

01:25So that is the real harm that the cartel is causing.

01:28The Philippine Competition Act filed a case of violation in Section 14 of the 12 importers and traders.

01:37They were fined more than P2 billion.

01:41The Department of Agriculture said that even if the registration of some importers and traders does not go in,

01:47they are already under the jurisdiction of the Bureau of Plant Industry,

01:50the agency that provides allocations for the importation of agricultural products.

01:55If they are doing an unfair trade previously, we can avoid the collusion.

02:03If there is a collusion, the problem is that even if there is an importation, the price will not go down.

02:10According to the order of President Ferdinand R. Marcos Jr.,

02:15the DA assured that the cartel, hoarding and smuggling will be strictly monitored

02:20so that the supply and stable price of agricultural products will be sufficient.

02:26Kelly Zalparilla for Pambansang TV in Bagong, Philippines.

12 importer at trader na sangkot umano sa cartel na dahilan ng pagtaas ng presyo ng sibuyas, sinampahan na ng kaso ng PCC

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Transcript

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