Sugar shortage not artificial, group says | Inquirer ºÚÁÏÉç

ºÚÁÏÉç

Sugar shortage not artificial, group says

By: - Reporter /
/ 02:55 PM August 30, 2022

PSMA President Pablo Lobregat. Screengrabbed from Senate livestream

PSMA President Pablo Lobregat. Screengrabbed from Senate livestream

MANILA, Philippines —The Philippine Sugar Millers Association (PSMA) disputes the claims of Malacañang and some senators that an artificial sugar shortage exists in the country.

During the Tuesday Senate blue ribbon panel hearing, Senator Risa Hontiveros asked PSMA President Pablo Lobregat whether or not the country is experiencing a scarcity of sugar.

Article continues after this advertisement

Lobregat responded: “I do not believe that it is artificial.”

FEATURED STORIES

For Lobregat, the soaring sugar prices can be traced back to the temporary restraining orders (TROs) on sugar importation issued in Negros Occidental and the fallout of the national and local elections.

Early this year, the Regional Trial Court Branch 73 in Sagay City, Negros Occidental, released a ruling imposing a 20-day restraining order against the Sugar Regulatory Administration’s (SRA) importation plan.

Article continues after this advertisement

READ:

Article continues after this advertisement

“One of the causes of the prices going up was the delay caused by the TROs issued in Negros that refined [sugar] that was supposed to come in March, only came in practically May,” Lobregat said.

Article continues after this advertisement

“The other thing that happened was the elections caused paralysis in most government agencies until the new administration came on line,” the official added.

Earlier, the SRA posted on its website Sugar Order No. 4, authorizing the importation of 300,000 metric tons of sugar, which Malacañang then disputed.

Article continues after this advertisement

Palace and industry stakeholders, however, agreed on the proposed 150,000 metric tons of sugar imports to address supply woes.

While the PSMA favored the importation of 300,000 metric tons of sugar, the group said that even the lesser volume of planned sugar importation is better than none at all.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the and acknowledge that I have read the .

“When it was being proposed during a meeting I attended in Malacañang, what was being pushed was 150,000 [metric tons], I said, ‘anything is better than nothing,'” said Lobregat.

EDV/abc
MOST READ
www
business
www
business
globalnation
TAGS:

No tags found for this post.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the and acknowledge that I have read the .

© Copyright 1997-2024 ºÚÁÏÉç | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies.