The Department of Trade and Industry (DTI) fielded its price monitoring teams beginning on 30 December 2022 to assist the Department of Agriculture (DA) in checking suggested retail prices (SRP) of red onions in public wet markets in the National Capital Region and will continue to other regions.
The DTI price monitoring for red onion is in response to the call of the President Ferdinand Marcos, Jr. and DA Circular No. 12 dated 29 December 2022, which places an SRP of P250 per kilogram of red onion in public wet markets.
The DA circular regarding the SRP on red onions is in effect until the first week of January 2023.
Trade and Industry Secretary Fred Pascual directed the DTI teams to include red onions in the basket of goods being monitored by the DTI to assist DA in ensuring that prices of the agricultural products remain affordable for consumers especially during the holiday season.
“DTI is calling on sellers to keep their prices within the suggested retail prices. We are exerting every effort to ensure that prices of basic necessities and prime commodities are within reach of Filipino consumers,” Secretary Pascual said.