![]() ![]() The directive was scrutinized in both houses of the Congress the House of Representatives and the Senate (through the Blue Ribbon Committee). Agriculture undersecretary Sebastian, and SRA board member Beltran also resigned from their positions. ![]() 4 (SO 4) which was approved by President Marcos and publicized six days later. SRA administrator Serafica resigned on Augover Sugar Order No. However Press Secretary Trixie Cruz-Angeles released a statement that President Marcos did not authorize or sign the order. Agriculture undersecretary Leocadio Sebastian also signed the order in behalf of President Bongbong Marcos, who also concurrently serves as SRA chairman and Agriculture secretary. The order was signed by SRA administrator Hermenegildo Serafica, and board members Roland Beltran (miller's representative) and Aurelio Gerardo Valderrama, Jr. It was intended to "fill the gap in production". 4 was released by the Sugar Regulatory Administration (SRA) on Augwhich directed the importation of 300,000 MT of sugar to the Philippines. Average retail sugar prices in Metro Manila per kilogram According to him, overreliance on imports might affect the livelihood of these people. Salceda warned against relying on sugar imports to alleviate the sugar crisis pointing pointing out that the sugar is a "politically and socially issue" since the industry directly employs 700,000 people. The crisis has also threatened the operations of Cebu province's oldest and only sugar milling company, Bogo-Medellin Milling Company, Inc. Manufacturers as a result may increase prices of their products to compensate in an event of a shift to the more heavier taxed sweetener. According to 2nd Albay district representative Joey Salceda, soda manufacturers may shift to high-fructose corn syrup if the sugar supply issue continues, which is taxed heavier under the Tax Reform for Acceleration and Inclusion (TRAIN) Law. ĭue to the sugar shortage, soda manufacturers Coca-Cola Beverages Philippines, Pepsi-Cola Products Philippines, and ARC Refreshments Corporation released a joint statement on Augthat they are experiencing a supply shortage of refined sugar or bottlers' grade sugar. The retail price of sugar itself has also increased. In May 2022, the overall price of consumer goods rose by 4.9%. Īfter raids conducted in separate locations in August 2022 which yielded 10,700 MT of sugar, the Philippine government concluded that the shortage is "artificial" Impact įood inflation has increased as a cause of the sugar crisis. Īccording to Executive Secretary Vic Rodriguez, the government is investigating reports of traders lobbying for the importation of 300,000 MT of sugar so that they could use the additional sugar supply as a cover to sell their hoarded sugar. United Sugar Producers Federation (Unifed) President Manuel Lamata, insisted that unspecified traders are engaged in "manipulation and hoarding" and claimed that there is no shortage at all. There are suspicions that the crisis is caused by hoarding. Thailand, the second largest producer in the world after Brazil, is the top source of imported sugar in the Philippines. The Philippines is not a regular importer of sugar and only imports whenever needed. According to the SRA's Sugar Regulatory directory, the province hosts five out of 12 active sugar refineries for the 2021–22 crop year. Negros Occidental is the country's top sugar-producing province. This was attributed to the onslaught of Typhoon Rai (Odette) which damaged the leaves of sugarcane plants in the island. An unusual decline of sugar production was noted for Negros according to the March 2022 to May 2022 production data. Only 1.8 million metric tons (MT) was produced by June 15 in contrast to the 2.12 million MT output produced by June 13 of the 2020–21 crop year. Sugar Regulatory Administration (SRA) administrator Hermenegildo Serafica noted a decrease of sugar output in the Philippines for the 2021–22 crop year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |