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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 ....
Sugar stacked in supermarket shelves. (PNA photo) MANILA - The Sugar Regulatory Administration (SRA) said Wednesday it has drafted its import recommendation of an estimated 450,000 metric tons of sugar. In a radio interview, SRA Board Member Pablo Luiz Azcona said they are continuously collaborating with stakeholders to discuss the suggested import plan. "We already drafted our recommendations to Malacanang, and then we are just awaiting instructions of the Malacanang if our suggestions or recommendations are okay," he said in mixed English and Filipino. ".An importation of around 450,000 (metric tons), 'yun yung estimate. But 'yung importation na 'yun includes 'yung gusto ni presidente na may buffer (that's the estimate. But the importation includes what President [Ferdinand R. Marcos Jr]) wants, including the buffer [stock])," he added. Azcona noted that this target import volume would be opened even for domestic or retail use. "Kasi pro-f ....