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MANILA, Philippines --- The existence of cartels is the only plausible explanation for the shortage of onion and the resulting high prices, Marikina 2nd District Rep. Stella Quimbo said on Wednesday. The sharp rise in prices did not correspond to the small discrepancy --- about 7% --- between the supply and the demand for onions in 2022, Quimbo, an economics professor, said at the hearing of the House of Representatives Committee on Agriculture and Food. She then asked Director Nieva Natural of the National Economic and Development Authority (NEDA) if the agency was conducting studies on the onion shortage. "So NEDA, as the chief economist of the country, you need to look at...

Keep on reading: Quimbo suspects cartels behind ‘artificial’ onion prices
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