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SUGAR IMPORT PLAN. Go Negosyo founder Joey Concepcion (left) and President Ferdinand "Bongbong" Marcos Jr. (right) in a meeting on June 2022. Concepcion backs the decision of Marcos to import up to 150,000 metric tons (MT) of sugar only if the supply is depleted by October. (Photo courtesy of Go Negosyo) MANILA - Go Negosyo founder Joey Concepcion supports the plan of President Ferdinand "Bongbong" Marcos Jr. to import up to 150,000 metric tons (MT) of sugar only if the supply is depleted by October. Concepcion also backed the President's decision to block the 300,000 MT sugar importation but instead limiting the volume and timing of importing the commodity. "The President's approach will protect both the consumer and the farmer," he said. Concepcion said calibrated importation will allow the market "to see if the price levels start to go down" as harvest and milling season is approaching. "There is never a perfect solution, but what

Danilo faustoFerdinand bongbong marcos jrJoey concepcionPhilippine chamberFood incPresident ferdinandAgriculture secretarySugar import plan go negosyo founder joey concepcion left and president ferdinand quot bongbong marcos jr right ina meeting on june 2022 backs the decision of to up 150000 metric tons mt of sugar only if the supply is depleted by october photo courtesy go negosyo manila founder joey concepcion supports plan president ferdinand quot bongbong marcos jr to import up 150000 metric tons mt of sugar only if the supply is depleted by october concepcion also backed president 39s decision to block 300000 mt sugar importation but instead limiting the volume and timing of importing commodity quot president 39s approach will protect both consumer farmerUot he said concepcion calibrated importation will allow the market quot to see if price levels start go down as harvest and milling season is approaching there nevera perfect solutionUt what you accomplish here is avoiding excessive swings in pricesUot he added earlierHilippine chamber of agriculture and food inc pcafi president danilo fausto said marcosHo is also the agriculture secretary