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The Cost of Onions in The Philippines
The Cost of Onions in The Philippines
I. Introduction
General Problem:
This study seeks to know the consumer’s choice between Meat and Onions
when the latter’s price cost more than the former.
Sub-Problems:
1. What are the reasons why Onions cost more than Meat.
Consumers will surely benefit from this project not only because it
will answer their questions on why Onions cost more than Meat but
also it will give them insights on how needed an onion is to every
dish.
This project focused only on reasons why Onions cost more than
Meat. Research will be conducted through reading related articles and
market surveys.
C. Objectives
· General Objective: This study aims to find out how reasonable it is for the
market to raise the price of Onions.
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 the Manila-area market.
That’s about three times as expensive as chicken and 25%-50% more expensive
than pork or beef, according to the same market monitoring estimates. The cost of
a kilogram of onions is greater than the minimum wage for a day’s work in the
Philippines.
E. Conclusion
The Philippines is an agricultural country. As of December 2022, consumers in
Divisoria market, supposedly the place where one can buy cheaper goods,
complained that the price for a kilo of onions has skyrocketed to P600.
This is not the best way for Filipinos to welcome 2023. Rising food prices will
result in related items becoming more expensive. If the people’s access to food and
other basic products becomes limited as a consequence of high inflation, the
nation’s food security will be compromised. Hence, this Research Proposal.