Farmer group United Sugar Producers Federation of the Philippines (Unifed) opposed the move, noting that the import will occur at a time when milling is at its peak. READ:
MANILA, Philippines – President Ferdinand Marcos Jr. ordered the agriculture department to expedite the importation of 64,050 metric tons of sugar amid skyrocketing inflation.directing Minimum Access Volume Secretariat officer-in-charge and Executive Director Jocelyn Salvador to convene the MAV Advisory Council.
The memo was signed by Agriculture Senior Undersecretary Domingo Panganiban on Tuesday, December 20.Latest figures of the Philippine Statistics Authority showed that inflation reached a“Concerned with this very high inflation rate, President Ferdinand R. Marcos Jr., Secretary of the Department of Agriculture, has ordered the department to take action and to stabilize sugar prices,” the memo read.
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