PCCI to admin: Ensure stable sugar supply READ MORE:
In a letter to Private Sector Advisory Council strategic convenor Sabin Aboitiz, PCCI president George T. Barcelon is seeking an audience with the advisory council to discuss the concerns, particularly of the domestic food manufacturing and processing industry on the high cost of sugar and how it puts them at a disadvantage.
He said the industry was requesting an allocation exclusively as input in food production so that local food manufacturers can compete with ASEAN counterparts. Last month, the Sugar Regulatory Administration said it planned to sell confiscated smuggled sugar in Kadiwa stalls starting April SRA board member Pablo Luis Azcona said there were certain details the agency was fixing up, where the funds will go, “small details, something like that. And then after that, hopefully by April, it’s a go.”Phytosanitary permits are not a problem, he noted, as all sugar products, seized or legal, undergo a check for quality assurance.
The SRA expects sugar prices to go down to P70 per kilo following the approval to import 440,000 metric tons of the sweetener, said Azcona.
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