Prices of vegetables, fruits in Bacolod rise

6 03 2011

Due to bad weather in the two regions the harvest of vegetables and fruits has been reduced, prompting the suppliers to limit their shipments. For example first-class red onion, which was selling for P75 a kilo just last January, now costs P120/kilo, Pineda reported. This is clearly a supply issue due to bad harvests the suppliers do not have as much vegetables and fruits, but the demand has remained the same therefore they were forced to increase their prices. This is a cost of production issue because they didn’t not harvest as much as expected.




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