Latest Breaking News On - Ra administrator hermenegildo serafica said they have been disclosing projections ofa sugar supply drop in the market - Page 1 : comparemela.com

(PNA file photo) MANILA - The Sugar Regulatory Administration (SRA) insisted Wednesday no questionable deals have been made to favor some in the sugar importation sector amid supply decline. In a statement, SRA Administrator Hermenegildo Serafica said they have been disclosing projections of a sugar supply drop in the market, adding that it was the impact of Typhoon Odette. "There is no midnight deal. SRA has always been transparent with the figures on production and demand and as early as February we have already projected that we will have a deficit in our sugar supply largely because of weather disturbances such as Typhoon Odette, excessive rain, and overcast skies which have been detrimental to the growth and sugar content of the sugarcanes in the majority of sugar-producing areas," he said. The SRA made the statement as the price of sugar increased in several markets in the country. In Quezon City, the price of white sugar as of Wednesday ranges from PHP75 to PHP90; PHP6

Muntinlupa cityManuel lamataHermenegildo seraficaDepartment of agricultureSugar regulatory administrationUnited sugar producers federationTyphoon odetteQuezon cityMunoz marketMuntinlupa public marketSugar orderNa file photo manila the sugar regulatory administration sra insisted wednesday no questionable deals have been made to favor some in importation sector amid supply decline ina statementRa administrator hermenegildo serafica said they have been disclosing projections ofa sugar supply drop in the marketDding that it was the impact of typhoon odette quot there is no midnight deal sra has always been transparent with figures on production and demand as early february we have already projected will havea deficit in our sugar supply largely because weather disturbances suchExcessive rainNd overcast skies which have been detrimental to the growth and sugar content of sugarcanes in majority producing areas