BACOLOD CITY, Philippines – With over 30,000 member-planters, the country's largest sugar producers group has…
To safeguard consumers, DA and SRA will impose sugar SRPs.
Due to a spike in sugar prices in several Metro Manila markets, the Department of Agriculture (DA) and the Sugar Regulatory Administration (SRA) are convening several meetings to establish an “amenable” suggested retail price (SRP).
Metro Manila’s going retail rates as of Wednesday are PHP100 for refined sugar, PHP90 for wash sugar, and PHP86.50 for brown sugar.
According to DA Assistant Secretary Kristine Evangelista in an interview on Tuesday, given the supply from regional suppliers, a pricing range will “very likely” be disclosed.
So, she explained, “we have to look at the supply both locally and internationally and come up with a price that will not cause loss to our local [producers]; at the same time, our consumers can buy it for the affordability of sugar.”
Evangelista stated that they intend to put this into effect as soon as possible, particularly given the tardy arrival of sugar imports.
The sooner we can put this into action, she predicted, “Ma’am, the better off we’ll be able to support our customers, possibly even more, before November,” she added.
The SRA also works with sugar vendors in supermarkets because some local markets cannot sell sugar for PHP70 per kilogram due to rising trader costs.
“Through a partnership with the SRA, we are working to influence the influencing traders so that they can also supply to our markets and that Kadiwa would enter Kadiwa Express so that there will be reasonable sugar prices,” she added.
Following the publication of DA Administrative Circular 9, series of 2022, which established a PHP170/kilo SRP for medium-sized red onions, Evangelista stated that they are working with wholesalers to ensure that merchants will have access to lower-priced onions.
“Pumayag ho ang ating traders at the ibaba the wholesale price. Therefore, she said that it would be distributed for PHP150 to markets so that retailers may sell it for PHP170. “Our merchants have agreed to lower the wholesale price, so they will do this so that we can sell it for PHP170,” she added.
Evangelista, on the other hand, claimed that the DA “understands the plight of shops,”, particularly those whose goods came from a prior transaction.
The local government will be involved in our tight collaboration with the market masters to ensure that the supply and demand are met. The local government is doing this to assist them in their next supply so they may get the proper pricing. At the same time, “pag nag-ikot naman po ‘yung market master and ang enforcement team, mayroon naman pong chance ang ating mga shopkeepers to explain bakit ganun ang presyo,” she added Retailers would be given the opportunity to explain during the market masters’ and enforcement team’s rounds, she added.
Local red onions currently cost PHP200 per kilo in Metro Manila.
According to the circular signed last Friday, October 7, the SRP would include wet markets in Metro Manila and bearing the signature of Agriculture Undersecretary Domingo Panganiban.
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