Philippines May Not Fill Onion Imports on Tight Conditions: USDA
The Philippines plans to purchase onions to tame domestic prices that have surpassed those of meat and helped push inflation to a 14-year high.
Photographer: Taylor Weidman/Bloomberg
The Philippines is unlikely to meet a plan to import 21,060 tons of onions due to the tight requirements, including delivery before the end of January which could favor Chinese suppliers due to proximity, the United States Department of Agriculture said.
The Southeast Asian nation plans to purchase onions to tame domestic prices that have surpassed those of meat and helped push inflation to a 14-year high. The Philippines’ agriculture department has told importers they need to bring in shipments by Jan. 27 and any late arrivals would be rejected. President Ferdinand Marcos Jr. is also the agriculture secretary.