SRA, DTI back sug­gested re­tail price for su­gar

Watchmen Daily Journal - - TOP STORIES - By Do­minique Gabriel G. Bañaga

In re­sponse to su­gar far­m­gate prices hit­ting P1,450 per sack, the Su­gar Reg­u­la­tory Ad­min­is­tra­tion (SRA) and Depart­ment of Trade and In­dus­try (DTI) are both back­ing plans to in­tro­duce a sug­gested re­tail price (SRP) for su­gar.

In a re­port by ABSCBN’s TV Pa­trol, SRA board mem­ber, Atty. Emil­iano Yulo III, said the mar­ket price for su­gar should be around P50 per kilo­gram and is call­ing for an in­ves­ti­ga­tion into the cur­rent higher prices.

“We should have a stake­hold­ers’ meet­ing [with re­gard to pric­ing] so that we can come [to] a con­sen­sus on the ideal SRP for su­gar,” Yulo sug­gested.

Con­sumers group La­ban Kon­syumer, mean­while, claimed the price of white su­gar could spike to P65 af­ter eco­nomic man­agers de­cided to with­draw their rec­om­men­da­tion to sus­pend the ex­cise tax on fu­els.

In ad­di­tion, food pro­ces­sors are propos­ing the im­por­ta­tion of su­gar, which would be exclusive for them in or­der to main­tain the cur­rent prices of their prod­ucts.

Depart­ment of Agri­cul­ture Secretary Em­manuel Piñol also ex­pressed sup­port for an SRP on su­gar, say­ing, price reg­u­la­tions must be im­ple­mented when the price of any com­mod­ity goes up.

Af­ter planters were be­ing blamed for high su­gar prices, Yulo chal­lenged crit­ics in the su­gar in­dus­try to sub­stan­ti­ate their claims. He said, over the past three weeks, su­gar prices in Ne­gros have gone down yet re­tail prices have not. The SRA of­fi­cial sur­mised, some­one other than su­gar farm­ers are prof­it­ing greatly./DGB, WDJ

(Richard Mal­i­han photo)

Ne­gros Oc­ci­den­tal Gov­er­nor Al­fredo Marañon, Jr. turned over P2 mil­lion worth of projects to Can­doni yesterday at the Gov­er­nor’s Of­fice. Among the projects the al­lo­ca­tion is ex­pected to fund in­clude Multi-Pur­pose Hall im­prove­ments, wa­ter sys­tem re­ha­bil­i­ta­tion, road con­cret­ing, among oth­ers.

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