This is AI generated summarization, which may have errors. For context, always refer to the full article.courtesy of Arman Togo
For an industry already burdened by rising costs of labor and inputs, the decline was not just alarming – it was existential. He said a P10-decrease per bag significantly impacts sugar planters and laborers, whether big or small, and the situation threatens the year-end benefits of hacienda laborers and places ARBs and small planters at risk.
Earlier in November, the Sugar Council lauded Agriculture Secretary Francisco Tiu Laurel Jr. and SRA Administrator Luis Pablo Azcona for assuring no sugar imports would disrupt the market until the current milling season ends in May 2025. However, they said they were blindsided with reports of imported sugar arriving in October.
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