BACOLOD CITY, Philippines – With over 30,000 member-planters, the country's largest sugar producers group has…
SRA approves the import of 150 thousand metric tons of refined sugar.
According to Sugar Regulatory Administration’s (SRA) Sugar Order No. 2, the Philippines will import 150,000 metric tons of refined sugar (SO 2).
The 75,000 metric tons of refined sugar for industrial users and the remaining 75,000 metric tons for consumers will make up the sugar imports.
According to the statement, imported sugar is intended to be open and accessible for all industrial users and consumers.
Before November 15, along with harvest time, the import volume is anticipated to arrive in the nation.
The importation was authorized and signed by President Ferdinand “Bongbong” Marcos Jr., who was also in charge of agriculture and the SRA board at the same time.
The directive was signed by acting SRA Director David Thaddeus Alba, Millers’ Representative Ma. Mitzi Mangwag, Planters’ Representative Pablo Luis Azcona, and Agriculture Undersecretary Domingo Panganiban.
Compared to the contentious alleged importation of 300,000 metric tons of sugar, the value of the SO 2 is reduced by half.
The SRA also made SO 1, which details how much sugar will be produced for domestic consumption in 2022–2023. Its 1,876,135.36 metric tons of anticipated production are intended for the domestic sugar market.
According to the SRA, the supply of sugar is anticipated to stabilize in the following months.
We appreciate your reading. You may also consider sharing it with others.
Please comment below if you found this post interesting.
Be one of our DONOR / SPONSOR to support NextGenDay news website.