The arrival of a large shipment of sugar in Batangas on Feb. 9 came on the strength of a memorandum issued by the Office of the Executive Secretary, though its arrival preceded the official issuance of a formal sugar order, a DA official said. READ:
PHILIPPINE STAR/ MICHAEL VARCAS
Sugar imports typically need to be cleared by the Sugar Regulatory Administration . In this case, the SRA issued Sugar Order No. 6 authorizing imports of 440,000 metric tons of the commodity, part of which was to help form a buffer stock to stabilize prices. As a result of his interpretation of the executive secretary’s memorandum, which he concluded pointed to the “urgency of the situation,” Mr. Panganiban said he instructed three companies that are “capable” and “accredited” to proceed with the sugar imports “provided that they agree to reduce the prices that is commercially acceptable… and that they will shoulder the cost of warehousing.
President Ferdinand R. Marcos, Jr., who is concurrently the Secretary of Agriculture, “was aware” of the imports, he said. “He was properly informed that the sugar had arrived.”
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