BACOLOD CITY: Consumers and industrial users of sugar need not panic during the holiday season as the sugar supply in the country has stabilized, with the refineries churning out a substantially higher production than expected compared to the same period last year.
Sugar Regulatory Administration (SRA) records show that the total refined sugar stock stands at 228,000 metric tons (MT) for September to November, or 91 percent higher than that of last year’s record at 119,000 MT during the same period.
Industry stakeholders also lauded the decision of President Ferdinand Marcos Jr. and the SRA to contain the importation program at 150,000 MT only than the earlier sugar order that pegged it at 300,000 MT.
Tatak Kalamay spokesman Gerard Joseph Sarrosa lauded Marcos and SRA Administrator David Alba for “being cautious in importation.”
“Had we pushed through with the 300,000 MT sugar order, we will be facing an oversupply today to the detriment of our sugar producers,” Sarrosa claimed.
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Sarrosa also lauded the cooperation of the sugar refineries “for responding to the earlier call of the SRA administrator to commence their operations earlier than usual. We are thankful that industry stakeholders are working together to ensure that we can respond to the needs of our consumers.”
“We are also fortunate that good weather was on our side. Thus, production is high in terms of purity which has led to better sugar output as well,” he added.
Negros Occidental Fifth District Rep. Emilio Bernardino Yulo said that the milling season in Negros island “is perking up the local economy as money is moving stronger during this time of the year.”
“Millgate sugar prices have leveled off at P3,200 per kilogram in recent weeks, still a good price for sugar producers in Negros island,” said Yulo, a former member of the SRA Board.