VARIOUS sugar industry groups were unanimous—before the “unauthorized” importation fiasco blew up last week—in proposing for a second round of sugar importation program to salvage a dwindling local supply and arrest rising prices.The industry groups—from planters to retailers—made their respective sugar importation proposals to the Sugar Regulatory Administration prior to the approval of the controversial Sugar Order 4, documents obtained by the BusinessMirror showed.
Confed proposed an import volume of “not more than 300,000” metric tons to be equally divided between raw and refined sugar. The PSMA also made the same import proposal of 300,000 MT . Panayfed recommended a 300,000 MT import volume with 150,000 going to industrial users while the remaining volume going to farmers, traders and other sugar industry stakeholders.
The SRA conducts industry stakeholders’ consultations prior to an approval of a sugar import program. The SRA board last week approved an additional 300,000 MT of sugar imports for the year, which has been now the subject of controversy.
Source: News Formal (newsformal.com)
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