“We’ll reorganize the SRA and then we will come to an arrangement with the industrial consumers, the planters, the millers, suppliers of sugar so that whatever available supply would be released to the market,” Mr. Marcos, who chairs the agency’s board as Agriculture secretary, said in a mix of Filipino and English.Three members of the SRA board, including an Agriculture undersecretary who served as Mr. Marcos’ representative, quit after Mr.
Based on the latest data from the SRA, the average price of refined sugar in wet markets in early August rose by 79.5% to P95 per kilogram from P52.93 in the similar period a year ago. The average price of raw sugar in wet markets also climbed by 57.7% to P71.43 from P45.29. “We are seeing the same situation in the SRA. In this case, we should simply allow the private sector to determine the imports it needs. We should close the SRA and end the import monopoly of the state,” he added.
“While lowering sugar prices is certainly the concern of all, a balancing act needs to be made to ensure the survival of the local sugar industry, including poor farm workers dependent on sugar production,” Mr. Ridon said in a Messenger chat. “A qualified person has to take care of the day-to-day operational details for him, hence the alter-ego principle.”
Mr. Fausto said the combined production of sugar farmers is 8,000 MT per day. He noted there is still an unused inventory of 171,769 MT available, 75% of which is for industrial use. “We have imported sugar also arriving as earlier ordered by SRA. We hope they will also locate where the imported sugar that came in is, so that it goes to the markets to help stabilize the price,” he said in a Viber message.
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