The Department of Agriculture (DA) said the importation of sugar via the minimum access volume (MAV) scheme may not make a dent in the domestic prices of the sweetener.
The Department of Agriculture said the importation of sugar via the minimum access volume scheme may not make a dent in the domestic prices of the sweetener.
The government imposes a 50 percent tariff on sugar imported within MAV and 65 percent for those outside of MAV. Estoperez issued the statement amid concerns the arrival of the imported sugar will coincide with the harvest season of sugarcane which could affect millgate prices. With the arrival of the imported sugar, the president hopes to arrest the continuous rise in sugar prices.However, before the sugar importation can proceed, he said, it will still go through numerous “finalities.”
The Confederation of Sugar Producers Association Inc., Panay Federation of Sugarcane Farmers Inc., and the National Federation of Sugarcane Planters Inc. also urged the government to engage the industry in an “earnest” dialogue. The three sugarcane producers’ federations represent 50 percent of domestic production.
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