“Imported sugar coming in will increase the supply of sugar and we will be able to balance out the supply and demand, which will arrest the increase in prices,” Sugar Administrator Hermenegildo R. Serafica said in a statement.The United Sugar Producers Federation led by President Manuel R. Lamata sought a TRO on Sugar Order No. 3, which authorizes imports of 200,000 metric tons of refined sugar.
Mr. Serafica said the imports were resorted to because there was a looming shortage in standard refined sugar and bottler’s grade sugar. Mr. Serafica said SO No. 3 was only issued after due consultation with all five sugarcane planters’ federations, the Philippine Sugar Millers Association and Philippine Sugar Refiners Association.
“It would take a minimum of three weeks for a sugar shipment from Thailand to arrive in Philippine ports,” he added.
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