THE Confederation of Sugarcane Producers' Associations (Confed) is opposing the Department of Agriculture's (DA) plan to import sugar, as the current inventory of the commodity can last without importation until the start of the next milling season.
THE Confed eration of Sugarcane Producers' Associations is opposing the Department of Agriculture's plan to import sugar, as the current inventory of the commodity can last without importation until the start of the next milling season. Confed President Aurelio Gerardo Valderrama said they wrote a letter to Agriculture Secretary Francisco Tiu Laurel Jr, expressing concern about the government's plan to import 200,000 metric tons of refined sugar in September.
Last week, Tiu Laurel made the announcement to import refined sugar to fill a supply gap and prevent a surge in prices.He added that the decision to import sugar was made because the DA expects local stocks to decline by August and September.The group noted that the SRA had not made an announcement yet on the start of milling for the 2024-2025 crop year, and no crop estimates have been made so far, with the new crop year being impacted by the El Niño phenomenon.
Rejects DA's Sugar Import Plans
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