Marcos approves importation of 150,000 metric tons of sugar

Marcos approves importation of 150,000 metric tons of sugar

By Liezelle Soriano

PTV News photo courtesy

MANILA — President Ferdinand “Bongbong” Marcos Jr. has approved the importation of 150,000 metric tons of sugar to address the issue of the supply shortage.

“After due consultation, the Stakeholders of the Sugar Industry have submitted their respective positions and letters of endorsement recognizing the need for an importation program for the crop year 2022 to 2023,” the order signed by Marcos and other Department of Agriculture and SRA officials dated September 13 said.

“After taking into consideration all comments, inputs, and information, the SRA deems it necessary to adopt additional, responsive, and pre-emptive measures to ensure domestic supply and manage sugar prices in order to achieve the foregoing policy declarations through timely government intervention by way of importation in order to maintain a balanced supply and demand of sugar for domestic consumption,” it added.

According to Sugar Order No. 2, which is available on the Sugar Regulatory Administration (SRA) website, consumers or the market would receive half of the total import volume, or 75,000 MT, while industrial users or businesses using sugar in their manufacturing processes would receive the other half. 

Three days after the order goes into force, according to the SRA, applications will be accepted for the importation of sugar. (ai/mtvn)

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