The Sugar Regulatory Administration (SRA) officials have stated that they will use the regulatory powers to ensure that sugar prices are not manipulated, according to zawya.
There were speculations that the prices would decrease in the coming milling season.
SRA chief Pablo Luis Azcona said, “The SRA is making efforts to ensure that the price of raw sugar remains at P3,000 per 50-kil bag and this would keep the retail price of refined sugar at P85 per kilo. This is profitable to farmers.”
The prices in the market for sugar vary a lot. They can be as low as P90 or even higher than P100 for each kilo. Some supermarkets even sell it for as much as P156 per kilo. These prices are not coming down even though there have been many harvests and a lot of sugar imported, which some people disagreed about and thought was unfair, given to just three importers earlier this year.
Because of these high prices, some big users are asking for permission to import their sugar directly. Azcona said there is plenty of sugar in the country, both the refined and raw kind.
Governor Eugenio Jose Lacson from Negros Occidental hopes that the usual price for sugar will stay at P3,000 for each bag.
The sugar milling would start in the first week of September in Negros Occidental.
