(Time) Soaring prices of onions in the Philippines led agriculture authorities to announce this weekend that the country would have to resort to importing around 22,000 tons of the vegetable by March, to augment dwindling domestic supply and arrest rising costs.
Onion is a staple of the Southeast Asian nation’s local cuisine—often coupled with garlic as a base of many dishes. The country’s average monthly demand for the vegetable is around 17,000 metric tons.
But as of Monday, Jan. 9, red and white onions in the Philippines were sold for as high as 600 pesos ($10.88) per kilogram, or about $5 per pound, based on the agriculture department’s monitoring of Manila-area market prices… Read More