“Despite the fact that the average retail price of sugar remains the same, the average farmgate price of raw sugar which hovered between P2,500 to P2,750 per bag during the first two weeks of CY 2023-2024 continues to go down, to the detriment of the sugar farmers, allegedly by reason of oversupply,” the SRA said.
According to the latest price report by the Department of Agriculture, sugar prices vary from as low as P75 to a maximum of P110 per kilo. The Bangko Sentral ng Pilipinas is looking at lifting the moratorium imposed on the granting of licenses to digital bank... Share prices pulled back yesterday on late selling as investors stayed on the sidelines ahead of the release of key economic...State-run Bases Conversion and Development Authority has partnered with Japan-based Zenmov and Philippine-based MC Metro Transport Operation for a demonstration of an energy-efficient and smart public transportation...
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Sugar Regulatory Administration halts distribution of imported sugar into the marketThe SRA made the decision since farmgate prices of sugar have fallen from P3,000 to around P2,500 to P2,700, causing problems for farmers.
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