Onions ‘Like Gold’ in Inflation-Saddled Philippines – Guardian

Onions are being smuggled, hoarded and presented as wedding presents in the Philippines, as the country battles with persistently soaring food inflation, according to a report by The Guardian.

Authorities have seized more than $9 million worth of the vegetable, likened by some to gold, as Covid’s impact on small and medium businesses and a bout of natural disasters have turned staples into luxuries.

Read the full report: The Guardian

Also read:

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Vishakha Saxena

Vishakha Saxena is the Multimedia and Social Media Editor at Asia Financial. She has worked as a digital journalist since 2013, and is an experienced writer and multimedia producer. As a trader and investor, she is keenly interested in new economy, emerging markets and the intersections of finance and society. You can write to her at [email protected]

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