12 importers at traders na sangkot umano sa pagmamanipula ng supply at presyo ng sibuyas, sinampahan ng kaso ng PCC

PTVPhilippines

12 importers at traders na sangkot umano sa pagmamanipula ng supply at presyo ng sibuyas, sinampahan ng kaso ng PCC  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

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00:00Twelve importers and traders of onions were charged by the Philippine Competition Commission or PCC

00:06for joining the cartel because of the price increase of onions.

00:09Clay Zepardillas with the report.

00:14In an administrative search conducted by the Philippine Competition Commission in a business in September 2023,

00:22the cartel of onions joined the 12 importers and traders.

00:28The sensitive information of the businessmen changed to control and manipulate the supply and price of onions.

00:36These entities that are involved are really talking to each other.

00:41We saw it in the emails, in the exchange of communication,

00:46who are their suppliers, when will the shipment arrive,

00:50how many SPSICs will they apply,

00:54when will the imports arrive, and what is the volume.

00:58The cartel started in 2019 and lasted until 2023.

01:04It is said that this is related to the onion crisis of 2022,

01:08when the price of onions increased to more than Php 700.

01:13They contributed because all cartels, when they are there,

01:17the effect is that the price increases or the volume that circulates in the market decreases.

01:24So that is the real harm that the cartel is causing.

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

01:36They were fined more than Php 2 billion.

01:40The Department of Agriculture said that even if the registration of some importers and traders does not pass,

01:46they are already under the jurisdiction of the Bureau of Plant Industry,

01:49the agency that provides allocations for the importation of agricultural products.

01:54If they are doing an unfair trade previously,

01:59we can avoid the collusion because if there is a collusion,

02:05the problem is that even if there is an importation, the price will not go down.

02:09According to President Ferdinand R. Marcos Jr.,

02:13the DA assured that the cartel, hoarding and smuggling will be strictly monitored

02:19so that the supply and stable price of agricultural products will be sufficient.

02:25Kelly Zalpardilla for Pambansang TV in Bagong, Philippines.

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