Far­m­gate price of su­gar down by P400

Sun Star Bacolod - - Top Stories -

FARM gate price of su­gar is down to P1,634.58 per 50kg as of week-end­ing Oc­to­ber 7, 2018 from a high of P2,003.60 per Kg at the close of milling last July 2018, al­most P400 dif­fer­ence or an 18 per­cent drop in prices, the Su­gar Reg­u­la­tory Ad­min­is­tra­tion (SRA) said in a press re­lease yes­ter­day.

Since the start of the milling sea­son on Septem­ber 1 and the is­suance of Su­gar Or­der No. 2 (SO 2) on Su­gar Im­port Pro­gram for Crop Year 2018-19 on Oc­to­ber 1, prices of su­gar has been on a down­ward trend, SRA said.

SRA said it con­tin­ues to mon­i­tor prices in the su­per­mar­kets and wet mar­kets and those sell­ing higher than pre­vail­ing prices are asked to ex­plain.

SRA has also writ­ten the su­per­mar­kets giv­ing them the con­tact de­tails of the mills and re­finer­ies so they can or­der their su­gar di­rectly at a lower cost.

The agency said it has been speak­ing to planters as­so­ci­a­tions, planters fed­er­a­tions, and millers and they have agreed to make their su­gar avail­able at their of­fices to sell di­rectly to the or­di­nary con­sumers at P50 for re­fined, P45 washed and P41 raw.

SRA is also en­cour­ag­ing planters’ as­so­ci­a­tions to sell di­rectly to the lo­cal gro­ceries in their area.

SRA is also sell­ing su­gar at P48 re­fined and P40 raw/brown su­gar in the “tienda malasakit” stores of the De­part­ment of Agri­cul­ture dur­ing week­ends to make su­gar avail­able to the or­di­nary con­sumers at lower prices.

SO 2 was signed by the SRA Board as com­pli­ance to the di­rec­tive of Pres­i­dent Ro­drigo Roa Duterte un­der Ad­min­is­tra­tive Or­der No. 13, re­mov­ing non-tar­iff bar­ri­ers and stream­lin­ing ad­min­is­tra­tive pro­ce­dures on the im­por­ta­tion of agri­cul­tural prod­ucts.

For this crop year, start­ing Septem­ber 1, with seven su­gar mills and five su­gar re­finer­ies now in op­er­a­tion, lo­cal raw su­gar pro­duc­tion has reached 1,623,040 bags of 50kg while lo­cal re­fined su­gar pro­duc­tion has reached 928,508 and more mills and re­finer­ies are sched­uled to open in the com­ing weeks which will add to our avail­able sup­ply.

As of 2:30 p.m. Fri­day, 64,475 met­ric tons or 1,289,500 bags of 50kgs of su­gar is on its way to the ports un­der SO 2./PR

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