Speaker Romualdez warns onion, garlic hoarders; orders House probe
MANILA, Philippines — Speaker Ferdinand Martin Romualdez on Sunday issued a warning against traders and hoarders of onion and garlic, who he said are creating an “artificial scarcity in supply and induce price increases.”
This came after Romualdez noted reports that despite the ongoing harvest season and the entry of imported onions, retail prices remained high.
“We received information that these people are hoarding onion, and more recently even garlic, to create an artificial scarcity in supply and induce price increases,” said Romualdez in a statement.
“This is economic sabotage,” Romualdez added.
Hence, Romualdez said he has instructed the House Committee on Agriculture and Food to conduct an investigation and, if warranted by the evidence, recommend the filing of appropriate criminal charges against the people behind this scheme.
The House of Representatives panel “will study the option of recommending to the President the calibrated importation of onion and garlic as a means to force these unscrupulous individuals to unload their stocks and drive down the prices to alleviate the burden on the consumers,” according to Romualdez.
Apart from the investigation, Romualdez wants daily monitoring of the prices of onion and garlic in the local markets.
“People are still trying to recover from the pandemic. The last thing we need is an unreasonable rise in food prices,” Romualdez said.
Romualdez also said the concerned government agencies should equally address the smuggling of onion and other agricultural products that stifles the local industry
He likewise pointed out that the importation of agricultural products should not prejudice the welfare of the local farmers.
“It is very important to ensure that any importation should consist of such quantity and be done well ahead of the harvest season to avoid any adverse effect on the livelihood of our local farmers,” he said.
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