Daily Star logoTop Stories



Bacolod City, Philippines Wednesday, July 11, 2018
Front Page
Star Business
Opinion
Sports
Star Life
People & Events

Sugar imports to ease prices
BY CARLA P. GOMEZ

 

Imported sugar will start arriving in the Philippines next week and every week after, to help bring down the retail price of sugar, Sugar Board Member Roland Beltran said yesterday.

“We expect that market forces will correct itself as soon as the imported sugar starts arriving and brings the much needed stability in sugar prices,” he added.

He said there are some who continue to take undue advantage of the tightness of sugar supply pending the arrival of the imported sugar.

The 200,000 MT of sugar allowed to be imported had been fully allocated to different importers, he added.

Enrique Rojas, president of the National Federation of Sugarcane Planters, had also pointed out earlier that the Sugar Alliance of the Philippines hasconverted ‘D’ sugar intended for the world market to ‘B’ sugar, to increase the supply in the domestic market.

The Sugar Regulatory Administration has also allowed the importation of sugar to address the rise in retail prices, he added.

“With these measures in place, we look forward to the normalization of sugar prices soon,” Rojas said.*CPG

 

back to top

Front Page | Opinion | Business | Sports
Star Life | People & Events| Archives | Advertise
Top Stories
ButtonLet’s accelerate growth in Bacolod, mayor urges
ButtonSugar imports to ease prices
ButtonCall center agent dies in Silay road accident
ButtonCenro sets hearing on tree-cutting
ButtonConCom adds provision, bars Duterte re-election
ButtonAustralia giving Negros P40M in disaster resilient classrooms
ButtonNHA acquires resettlement site
Button‘ETCS 1 to get new name soon’
ButtonDumaguete gets firetruck
ButtonWorld champs eyeing European Grand Prix