PCC fines onion importers record P1.76 billion over 2022 price surge
The Philippine Competition Commission (PCC) has fined six firms and their officers a record P1.76 billion for an onion cartel that it said pushed prices to as high as P800 a kilo in 2022, Philstar and BusinessWorld reported. The commission found the group controlled nearly 50% of onion import clearances in 2020 and 2021. BusinessWorld said the cartel had facilities in Cebu City, Davao City and other areas.
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Written and translated by AI (Claude) using only the reports listed below. Read the full story at the original source.
- Rappler โ PCC slaps onion cartel with record fine of P1.76B
- ABS-CBN News โ Competition watchdog fines 6 firms P1.76 billion in onion cartel case
- BusinessWorld โ PCC fines onion traders P1.76B after cartel probe
- Philstar โ PCC slaps P1.76 billion fine on 2022 onion cartel
- GMA News โ PCC fines onion importers a record P1.76-billion for alleged cartel behavior