The Philippines has made strategic moves to ensure the stability of its onion supply while fostering trade growth, with Agriculture Secretary Francisco Tiu Laurel Jr. authorizing the importation of 3,000 metric tons of red onions and 1,000 metric tons of white onions. These shipments, expected to arrive within the next two weeks, will help maintain a steady supply of onions in the market while awaiting the new harvest.
This move is aimed at preventing potential shortages that could affect market prices, which would be detrimental to both consumers and traders. In late 2022 and early 2023, the country experienced a supply shortage that caused onion prices to soar. The government is keen to avoid a repeat of that situation and ensure fair pricing for all stakeholders in the trade.
According to the Bureau of Plant Industry (BPI), the average monthly consumption of red onions is 17,000 metric tons, while white onions account for 4,000 metric tons. Current onion stocks are being carefully monitored, with red onion reserves at 8,500 metric tons and white onion stocks at 1,628 metric tons as of mid-January. The minimal imports authorized are seen as a proactive measure to support the domestic supply chain and stabilize prices in the coming months.
Despite the concerns raised by some agricultural groups, the government’s focus remains on ensuring a smooth transition from the current stock to the fresh harvest. This collaborative approach strengthens the country’s domestic agricultural sector while enhancing its capacity to engage in beneficial international trade.
As onion prices begin to rise in certain markets, the trade ministry’s careful planning ensures that importation will support the long-term stability of both the local onion market and its international trade opportunities.
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