00:00The Department of Agriculture, or DA, is set to impose a maximum suggested retail price, or MSRP, for imported red onion, a measure to prevent excessive price increases.
00:12Agriculture Secretary Francisco Tiu Laurel Jr. stated that it's possible that some are taking advantage, causing prices to rise despite sufficient supply.
00:22The implementation of a MSRP is expected next week, ranging from 100 to 120 pesos per kilo.
00:31Meanwhile, the DA is also closely monitoring pork prices and coordinating with stakeholders to finalize a price ceiling for it.
