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Irrational Philippine onion market prompts a second antitrust look into alleged cartel

By Jet Damazo-Santos ( February 16, 2023, 06:28 GMT | Insight) -- The Philippine's new competition chief, Michael Aguinaldo, told a congressional probe on the country's onion crisis that "it's hard to deny that there are cartels operating," and confirmed that the antitrust agency has launched a investigation into why prices have skyrocketed. This is the regulator's second probe into an alleged onion cartel, but the first one in 2019 — on the causes behind extremely low farmgate prices — did not lead to any charges.  “I think it's hard to deny that there are cartels operating [in the agriculture sector]," the Philippine's new competition chief, Michael Aguinaldo, told a congressional hearing this week on the country's onion crisis. ...

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