Connect with us

Hi, what are you looking for?


Sugar producers seek price increase after storm


SUGAR PRODUCERS are lobbying the government to raise its price guidance for sugar sold by major supermarkets from the current P70 per kilogram (kg), to account for the crop damage inflicted by Severe Tropical Storm Paeng (International name: Nalgae). 

United Sugar Producers Federation (UNIFED) President Manuel R. Lamata said in a statement that the association is asking President Ferdinand R. Marcos, Jr. to revise the agreement with the supermarkets to allow retail sales at between P85 and P90 per kg.

In August, Robinsons Supermarket, SM Supermarket, and Puregold agreed to sell sugar for P70/kg at the request of Mr. Marcos, who cited inflation concerns.

Mr. Lamata also asked Mr. Marcos to intervene to raise the millgate price. Sugar at millgate currently sells for about P2,900 per 50-kilogram (Lkg) bag.

“Our sugar farmers need help to recover from the damage caused by the recent typhoon that has inundated hundreds of sugar farms from north to south and the rest of the Visayas,” Mr. Lamata said.

“Before Paeng, millgate prices were already going down but seeing the damage Paeng wrought, we need the immediate assistance from President Marcos to bring up the retail price until our farmers are able to recover,” he added.

Mr. Lamata said even before the storm, sugar farmers were contending with high production costs.

“Fertilizer and fuel prices are still on the rise and compounded by Paeng’s damage, our sugar farmers will have a hard time surviving,” Mr. Lamata said.

The Sugar Regulatory Administration (SRA) has also announced that it will sell sugar at P70/kg in its offices at Quezon City and Bacolod City

According to the Agriculture department, as of Sunday afternoon crop damage as a result of Paeng was estimated at P285.28 million. — Revin Mikhael D. Ochave

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



REUTERS/ELOISA LOPEZ LOCAL SHARES are expected to move within a limited range this week as investors await the release of November consumer price index...


CRECENCIO I. CRUZ THE PESO may continue to strengthen against the dollar this week ahead of the release of November inflation data that could...


JULIAN ALVAREZ OF ARGENTINA — REUTERS AL RAYYAN, Qatar — Lionel Messi scored his first goal in a World Cup knockout round in his...


BETTINA Binaohan, Charmine Torres and Lee Sario backstopped Tchuido for the Lady Archers, who gained a separation at 61-52 midway through the fourth. —...


MARIE Antoinette San Diego — FIDE MARIE Antoinette San Diego has been dreaming of becoming national champion since childhood. The search for the 23-year-old...


LONDON — Britain’s Tyson Fury roared out a challenge to rival heavyweight world champion Oleksandr Usyk of Ukraine after retaining his WBC title with...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.