The Sugar Regulatory Administration is in the process of drafting a plan to import about 450,000 metric tons of refined sugar in response to President Ferdinand Marcos Jr.’s directive to maintain a two-month buffer stock of the commodity.
“So far, we are at the draft stage. What we did is we made a draft for the importation plan. This draft [will be] sent to all stakeholders and the DA for comments,” Azcona said.On Monday, Marcos announced that his administration willIn another interview, DA spokesperson Rex Estoperez said the plan to import is in accordance with the President’s announcement “na magkaroon ng stock ng two months para naman ‘di tayo nagfa-fluctuate ang presyo .
“The President is right. It is very wise to always keep a buffer. We cannot ascertain the shipping schedules. We never know, a typhoon or shipping delay might cause supply problems,” Azcona said.
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