The Sugar Regulatory Administration’s plan of importing 300,000 tonnes of sugar has been rejected by President Ferdinand Marcos Jr, informed the Press Secretary Trixie Cruz-Angeles.
The SRA has stated that the raw and refined sugar should be imported before November 30 as the sugar production for the crop year ending this month would fall 16% to 1.8 million metric tons.
The shortage of the commodity has driven inflation and the prices of sugar and drinks and beverages continue to soar since late 2018.
