Sugar industry leaders on Sunday appealed to the government to explain its plan to import 450,000 metric tons of refined sugar, including the timing of the importation to protect the domestic sugar industry. | carlapgomezINQ /PDI
In a letter dated Jan. 6, the industry informed President Ferdinand Marcos Jr. that their sugar inventory would last only until the second quarter of 2023 and that endangered their continued operations.
The president later cited 450,000 MT as the proposed volume for importation, which was met with skepticism by most sugarcane farmers. The Confed urged the SRA to institutionalize an orderly sugar policy mechanism by establishing “trigger points that would signal the need for consultations with the industry to determine the appropriate sugar policy at any given time.”Manuel Lamata, president of the United Sugar Producers Federation, sympathized with the labor groups but said they should also consider the consumers who have been paying unusually high sugar prices.
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