Govt to roll out support for onion growers, 2-thirty day period sugar buffer inventory to deliver prices down

Metro Manila (CNN Philippines, Jan. 24) — Malacañang declared on Tuesday that the govt will put into practice a program to help onion growers raise manufacturing in get to stabilize source and lessen selling prices.

“We will do this by increasing the spot below onion cultivation,” President Ferdinand Marcos Jr. was quoted by the Presidential Communications Office (PCO).

The PCO additional that Marcos, who is also Secretary of the Department of Agriculture (DA), also desires to assistance onion seed producers produce top quality seeds that will be distributed to farmers.

The DA reported previously that when more than 5,000 metric tons (MT) of imported onions get there this 7 days, onion price ranges are envisioned to fall to 100-150 pesos per kilogram from about 400 pesos.

Browse: Imported onions to be marketed this 7 days

DA will also develop a two-thirty day period buffer inventory of sugar to avert foreseeable future shortages.

“once again [for] Sugar, to lessen speculation, we guarantee a two-thirty day period buffer inventory.So there will be no shortage and the price tag ought to not go up [So there should be no shortage, prices should not increase]claimed Marcos.

In accordance to the PCO, the DA and the Sugar Regulatory Authority have proposed importing up to 450,000 tonnes of sugar adhering to the President’s purchase to keep a two-thirty day period buffer stock.

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