00:00It is possible that the price of onions will drop by P80 per kilo in the markets.
00:05This is after the first batch of onions arrived in the Philippines.
00:10According to the Bureau of Plant Industry,
00:12from the 4,000 metric tons of red and white onions,
00:16more than 600 metric tons arrived in the country as of February 20.
00:20Because of this, according to Agriculture Spokesperson Assistant Secretary Arnel De Mesa,
00:25from P160 per kilo of onions, it is possible that the retail price will drop.
00:31It is expected that the buyers will feel this in the next two weeks.
00:36Meanwhile, according to the initial result of the inspection of the cold storage of onions,
00:41no hoarding was found because most of the storage facilities have almost no stocks left.
00:48We are happy with P100 compared to P180 to P200.
00:56The majority of the volume will be arriving this week.
