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Vegetable prices seen to ease due to onion harvest season in Jan, lower fertilizer cost

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Warren De Guzman, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/news/12/30/20220818-red-onions-divisoria-gc-9.jpg"/><figcaption>Customers sift through red onions at a stall in Divisoria market in Manila on August 18, 2022. A group of onion farmers recently urged the government to delay importing white onions to address a shortage, adding that there was still enough supply of red onions to meet demand. <em>George Calvelo, ABS-CBN News</em></figcaption></figure></div><p>MANILA - Prices of vegetables may start easing in the next few weeks due to the harvest season of onions this January as well as the expected decline in fertilizer prices, a farmers group said on Thursday. </p><p>Inflation in December accelerated to 8.1 percent mainly due to higher food prices driven by vegetables, including onions. Vegetable inflation rose 32.4 percent for the month, which is the highest since February 1999, government data showed.</p><p>Fertilizer prices have begun to ease from the elevated prices in 2022, SINAG Chairman Rosendo So said.</p><p>Local fertilizer prices, heavily influenced by international commodity prices, spiked last year to P2,500 from P800 per 50-kilo bag. Fuel used in pumps to irrigate farmlands could have also contributed to the higher vegetable prices, So said.</p><p>&quot;This January, medyo bumaba [ang presyo ng fertilizer], but it is, mataas pa rin compared sa 2021. Etong presyo is nasa P1,800 ang import price, so bumaba ng konti ang presyo, so bumaba ang presyo ng ferterilizer,&quot; So said.</p><p>“We are seeing na baka ang mga magtanim nitong gulay nitong January, kung gumamit sila png fertilizer], it will be lower. The cost of production. By then, sa tingin namin ang February price will be lower. February, March siguro,&quot; he added.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/05/23/inflation-quickens-further-to-81-percent-in-december">Inflation quickens further to 8.1 percent in December on back of higher vegetable prices</a></li>	<li><a href="https://news.abs-cbn.com/business/03/23/22/presyo-ng-gulay-bigas-tataas-pa-rin-sinag">Presyo ng gulay, bigas tataas pa rin kahit may rollback sa petrolyo - grupo</a></li></ul><p>The price of red onions rose up to P700 per kilo while white onion reached up to P800 per kilo last month, but prices are also expected to continue to drop this month, he said. </p><p>“Yung harvest magistart ng Jan. 15 so medyo bababa ang presyo,&quot; So said.</p><p>Based on the price monitoring of the Department of Agriculture, local red onion is priced between P280 and P680 per kilo in NCR markets. Local white onions are at P400 to P600 as of Jan. 4.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/01/02/23/agri-dept-expects-lower-onion-prices-by-mid-january">Agri dept expects lower onion prices by mid-January</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2404352" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Prices of vegetables may start easing in the next few weeks due to the harvest season of onions this January as well as the decline in fertilizer prices, a farmer group said. 

Vegetable prices seen to ease due to onion harvest season in Jan, lower fertilizer cost

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Vegetable prices seen to ease due to onion harvest season in Jan, lower fertilizer cost

Warren De Guzman,

ABS-CBN News

Published Jan 05, 2023 02:50 PM PHT

Read More:

Inflation

Food

Onions

Vegetables

farmers

fertilizer prices

vegetable inflation

onion price

red onion

white onion

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