THE United Sugar Producers Federation (Unifed), the country's largest independent sugar planters' group, asked government agencies to step in amid suspicions that some traders were behind a big drop in sugar mill prices.
THE United Sugar Producers Federation , the country's largest independent sugar planters' group, asked government agencies to step in amid suspicions that some traders were behind a big drop in sugar mill prices.
He advised farmers to hold on to their sugar stocks until prices stabilize, though admitting this may be difficult for farmers who rely on weekly sales. 'We may all need to tighten our belts so we will not be abused by these unscrupulous traders,' Lamata said.According to Unifed, mill prices averaged P2,500 per bag last Thursday. Farmers will then sell it for P2,800 to make a modest profit.
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