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Gov't to siphon off 300,000 MT of raw sugar from local market
January 23, 2025
|The Philippine Star
The government is planning to siphon off about 300,000 metric tons (MT) of raw sugar from domestic market circulation for as long as three months to lift the farmgate prices of the commodity.
The Sugar Regulatory Administration (SRA) board has started its deliberations and industry consultations regarding the implementation of a voluntary purchase program for the current crop year 2024-2025.
Under a draft sugar order, the program would involve the purchase of 300,000 MT of raw sugar at a premium on a first-come, first-served basis.
The sugar bought under the program would be held off from domestic market sale for a period of not more than 90 days, effectively reducing the available supply with the hopes of increasing farmgate prices of the sweetener.
هذه القصة من طبعة January 23, 2025 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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