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Sunday, April 14, 2024

Bacolod: Sugar production up, supply stable

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Bacolod City – Consumers and industrial users can now enjoy the holiday rush as sugar supply in the country has stabilized, with the refineries churning out a substantially higher production than expected, compared to the same period last year.

Sugar Regulatory Administration records show that total refined sugar stock stands at 228,000 metric tons for the period of September to November, 91 percent higher than that of last year’s record of 119,000 MT for the same period.

Industry stakeholders also lauded the decision of the President and SRA to contain the importation program at 150,000 MT, instead of the earlier sugar order that intended to import 300,000 MT.

Tatak Kalamay spokesperson, Gerard Joseph Sarrosa lauded President Ferdinand Marcos Jr. and SRA Administrator David Alba for “being cautious in their importation program because had we pushed through with the 300,000 MT sugar order, we will be facing an oversupply today to the detriment of our sugar producers.”

In a statement, Sarrosa also lauded the cooperation of the sugar refineries for “responding to the earlier call of Administrator Alba to commence their operations earlier than usual. We are thankful that industry stakeholders are working together to ensure that we can respond to the needs of our consumers.”

“We are also fortunate that good weather was on our side, thus production is high in terms of purity which has led to better sugar output as well,” he added. (Gilbert Bayoran via The Visayan Daily Star (TVDS), photo courtesy of TVDS)

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