MANILA, Philippines -- The country's antitrust body said Friday it will look into alleged cold storage cartel in the onion industry, which has allegedly forced onion farmers to cut prices by half. The Philippine Competition Commission (PCC) said in a statement that it will investigate the competition concerns after being prompted by the Department of Agriculture (DA). The issue revolves around four major trading firms in Nueva Ecija, which DA SecretaryEmmanuel Piolsaid hadclosed down their cold storage facilities in time for the harvest season to force farmers to sell their produce at low prices. PCC stressed the importance of these facilities, whic...
Keep on reading: PCC to look into alleged cold storage cartel in onion industry
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