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Govt allocates P5B for direct purchase of sugar

BACOLOD CITY: The United Sugar Producers Federation of the Philippines (Unifed) has urged the sugar planters in the country not to sell their sugar to private companies at low prices as the government has allocated an initial budget of P5 billion to directly purchase sugar from farmers at a premium price.

Direct sugar procurement budget of P5B equivalent to 10-15% of harvest, SRA says

Direct sugar procurement budget of P5B equivalent to 10-15% of harvest, SRA says
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P5B allotted by govt for sugar purchases | The Manila Times

THE government has given the green light for an initial funding of P5 billion to directly purchase sugar from farmers as a measure to address the declining prices of the commodity.

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