Live Breaking News & Updates on Dding That The Sra Should Quot Program Well Releases Of These Imported Sugar Lamata Added This Will Ensure Millgate Prices Not Be Drastically Affected To Detriment Farmers In September Last Year

BACOLOD CITY - The United Sugar Producers Federation (UNIFED), the largest sugar association in the country, has expressed support for the proposed importation of 450,000 metric tons (MT) of refined sugar to stabilize retail prices. "We are fully supporting the decision of President Ferdinand Marcos Jr. to import refined sugar that will hopefully arrest runaway retail prices," UNIFED president Manuel Lamata, who is based in this city, said in a statement on Thursday. Sugar Regulatory Administration (SRA) Board Member Pablo Luiz Azcona said on Wednesday they have drafted an import recommendation for about 450,000MT of refined sugar and are awaiting instructions from Malacanang. The target import volume would be opened for domestic or retail use, he added. Lamata said sugar stakeholders are being consulted on the volume, which could be between 400,000MT and 450,000MT. "It is an acceptable volume for buffer stocks amid speculation that there may be a shortage by the end of ....

Manuel Lamata , Ferdinand Marcos Jr , Pablo Luiz Azcona , Sugar Regulatory Administration , United Sugar Producers Federation , President Ferdinand Marcos , Regulatory Administration , Board Member Pablo Luiz Azcona , Sugar Order , Bacolod City The United Sugar Producers Federation Unifed , He Largest Sugar Association In The Country , As Expressed Support For The Proposed Importation Of 450 , 000 Metric Tons Mt Of Refined Sugar To Stabilize Retail Prices Quot We Are Fully Supporting The Decision President Ferdinand Marcos Jr Import That Will Hopefully Arrest Runaway , Uot Unifed President Manuel Lamata , Ho Is Based In This City , Aid Ina Statement On Thursday Sugar Regulatory Administration Sra Board Member Pablo Luiz Azcona Said Wednesday They Have Drafted An Import Recommendation For About 450 , 000mt Of Refined Sugar And Are Awaiting Instructions From Malacanang The Target Import Volume Would Be Opened For Domestic Or Retail Use , E Added Lamata Said Sugar Stakeholders Are Being Consulted On The Volume , Hich Could Be Between 400 , 000mt And 450 , 000mt Quot It Is An Acceptable Volume For Buffer Stocks Amid Speculation That There May Bea Shortage By The End Of Milling Season , Uot The Sugar Industry Leader Said , Dding That The Sra Should Quot Program Well Releases Of These Imported Sugar Lamata Added This Will Ensure Millgate Prices Not Be Drastically Affected To Detriment Farmers In September Last Year , He Unifed Also Supported The Importation Of 150 , 000mt Of Purely Refined Sugar Quot Asa Balancing Act To Stabilize Market Prices As Provided In Order No 2 Pna ,