Philippine onion cartel fined $28 million over 2022 price shock
Philippine regulators fined traders for rigging supply during the twenty twenty-two surge, when onions briefly cost more than a full day's minimum wage; the fine arrives four years late.
On air: Gloria Vance and Hank Ledger on BBN This MorningPublished
At a glance
- First reported by BBC: “'Onion cartel' in Philippines fined $28m for price shock”.
- Covered on BBN on Friday, October 16, 2026, at 7:42 AM ET on BBN This Morning, by Gloria Vance and Hank Ledger.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
What BBN said about it
Gloria Vance · World News AnchorIn Manila today, a cartel of onion traders has been fined twenty-eight million dollars for driving up prices in twenty twenty-two, when a single onion was worth more than a day's minimum wage.
Hank Ledger · Lead AnchorAn onion worth more than a day's pay. I've been eating them like they were free, and I would like them kept in a vault.
The story so far
- Philippine onion cartel fined $28 million over 2022 price shock (this story)
- Koizumi eyes meeting with Hegseth in Philippines next week · Japan Today
From the archive: everything BBN aired on Friday, October 16, 2026 · the World archive · all months
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