PRESIDENT Ferdinand R. Marcos Jr. on Wednesday said the government will open the sugar importation market to all traders as the country is set to import between 100,000 and 150,000 metric tons .“We agreed on an importation schedule and how we will open up the importation to all of the traders. It is up to them to bid or give their proposals, and that’s the big change we made. we will still import up to 150,000 metric tons,” he said.
During the meeting, he said an opportunity was given to the stakeholders to raise their concerns and provide suggestions to improve the sugar industry. Most of them cited the identification of idle lands for planting of sugar, giving of fertilizers to small sugar farmers, reviving the Philippine Sugar Corporation, and transparency in sugar importation. “One of the suggestions that came up during the meeting was to revitalize PhilSuCor. PhilSuCor is Philippine Sugar Corporation.
The President, sought stakeholders’ cooperation as the administration implements its long-term plan to improve production, particularly moving the milling season from August to September that will result in a 10 percent increase in production. Last Monday, Marcos approved the importation of more sugar to address the expected shortfall in the local production of the sweetener this year.
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