The Sugar Regulatory Administration (SRA) may issue a sugar order for the second round of its voluntary purchase program, which aims to boost the domestic price of the sweetener, by the end of January.
The Sugar Regulatory Administration may issue a sugar order for the second round of its voluntary purchase program, which aims to boost the domestic price of the sweetener, by the end of January.
Meanwhile, the agency said the raw sugar purchased by eligible participants would be temporarily classified as “C” . Azcona said farmers, particularly those from remote areas, would now be given the opportunity to access credit. The waiving of credit investigation and background information was also revised, which changed the standard of investigation from loan amounts to land area. Individual sugarcane farmers and block farm members with a maximum of five hectares would now be waived from CI/BI.
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