BACOLOD City – The increase of P200 per 50 kilo-bag of sugar is “a great relief for sugar farmers after a long slump in sugar prices,” according to the United Sugar Producers Federation of the Philippines (UNIFED).
With this, UNIFED thanked Department of Agriculture Secretary Francisco Laurel, Sugar Regulatory Administration (SRA) head Pablo Azcona, and SRA board members David Sanson and Mitzi Mangwag for their effort to bring in sugar traders to start buying sugar at better prices.
Last week, sugar buying went up to P2,600 after a long spell of P2,400, according to UNIFED president Manuel Lamata.
“We are thankful to Sec. Laurel, Administrator Azcona, and the SRA Board for their incessant drive to find solutions,” Lamata said, as he also thanked the sugar traders who cooperated with SRA on this appeal.
He also praised Azcona, Sanson, and Mangwag for standing tall amidst the attacks they have been getting from other sugar industry players. (Watchmen Daily Journal)/PN
