Sugar producers say increased farmgate prices ‘huge help’ to farmers

Posted by watchmen
February 27, 2024
Posted in News


The United Sugar Producers Federation of the Philippines (Unifed), the country’s biggest independent sugar planters group, has welcomed the increase in the farmgate prices of sugar.

In a statement yesterday, Unifed president Manuel Lamata said, “the P200 difference is a huge help to our farmers. It is great relief after a long slump in sugar prices.”

The price of a 50-kilo bag went higher last week by P200, from P2,400 to P2,600, after prices remained below P2,500 since last year, he noted.

Lamata cited the efforts of Department of Agriculture Secretary Francisco Tiu Laurel, Jr. and officials of the Sugar Regulatory Administration (SRA), including Administrator Pablo Azcona and Board Members David Sanson and Mitzi Mangwag, in bringing together sugar traders to start buying sugar at better prices.

“We are thankful to Secretary Laurel, Administrator Azcona, and the SRA Board for their incessant drive to find solutions. We also thank the sugar traders who cooperated with the SRA on this appeal,” he said.

Lamata pointed out that the SRA officials stood tall amid the attacks from sugar industry players who just criticized them, but did not offer solutions.

In Negros Occidental, the country’s top sugar-producing province, bidding prices in seven sugar mills ranged between P2,610 and P2,595 per 50-kilo bag as of February 22.

Earlier this month, the Unifed also declared support for the intervention of the national government to reduce the farmgate prices of sugar, following criticisms from other sugar groups, claiming that the SRA is pushing for a new plan involving sugar importation.

Lamata then said that in addition to the initial P5 billion buy-back local sugar scheme from the national government, a second program, where traders will purchase local sugar to be put on reserve and purchased by the national government, has also been introduced. (PNA)

Leave a Reply

Your email address will not be published. Required fields are marked *