Marcos OKs importation of 150,000 metric tons of sugar

MANILA, Philippines — President Ferdinand Marcos Jr. has accredited the importation of sugar not exceeding 150,000 metric tons (MT) to deal with the scarcity of provide and curb rising costs within the nation.

Based on Sugar Order No. 2, posted on the Sugar Regulatory Administration (SRA) web site, half of the entire import quantity, or 75,000 MT, can be allotted to industrial customers or corporations utilizing sugar of their manufacturing course of, whereas the opposite half can be given to customers or the market.

“After due session, the Stakeholders of the Sugar Business have submitted their respective positions and letters of endorsement recognizing the necessity for an importation program …

Carry on studying: Marcos OKs importation of 150,000 metric tons of sugar

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