According to Malacanang, the Department of Agriculture (DA) is formulating a proposal to import 150,000…
PBBM will examine the 150K MT of sugar import strategy.
President Ferdinand “Bongbong” Marcos Jr. will continue to study the proposal to import about 150,000 metric tons (MT) of sugar, Malacanang announced on Tuesday.
Marcos hasn’t yet received a copy of the sugar import proposal, according to press secretary Trixie Cruz-Angeles, who stated this during a press conference.
Cruz-Angeles stated that Marcos would read the proposed sugar order before signing.
In a recent vlog, Marcos revealed that if the nation’s supply of the commodity runs out by October, the government plans to import 150,000 MT of sugar:
According to acting administrator John David Alba of the Sugar Regulatory Administration (SRA), the organization is planning to issue a decree enabling the importation of 150,000 MT of sugar by the middle of September.
Alba claimed that the importation order will contribute in stabilizing market sugar prices.
Cruz-Angeles responded when asked if the suggested quantity might be changed, “Parati naman po itong nire-review. It is always being reviewed, depending on what the current importation quota is. It will be decided what the correct import quota should be.
Despite the rise in sugar prices due to supply shortages, Marcos previously rejected the plan to import 300,000 MT of the product.
Although he objected, the SRA had previously issued Sugar Order (SO) 4, which permitted the importation of 300,000 MT of sugar.
Malacanang referred to the issuing of SO 4 as being “illegal.”
On Marcos’ instruction, officials have been making unauthorized trips to sugar warehouses that are bonded by the country’s customs in order to ascertain whether the alleged shortfall of the commodity’s supply is fake.
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