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Jul 12, 2018 @ 10:50

Coke wants to directly import sugar

Agriculture Secretary Emmanuel Piñol said beverage firm Coca-Cola FEMSA Philippines (Coke) wants to ask the government to directly import sugar amid fears that it won’t receive the supply committed to it by its designated international trader.

“They are saying the supply of local sugar remains unreliable and that they will lobby to directly import the sugar requirements,” Agriculture Secretary Emmanuel Piñol said in a Manila Bulletin report.

“If those who will import in the name of the bottlers will not deliver the volume as committed we will have to protect the interest of these companies by considering option to directly imports,” he added.

However, Sugar Regulatory Administration (SRA) Board Member Roland Beltran said in the same report that Coke’s concern is based on “unfounded fear”.

“Coca-Cola has designated an international trader to import for them. The program is clear. Sugar Order No. 10 leaves no room for doubt. 100,000 MT is bottler’s grade. This should satisfy the requirements of the industrials,” Beltran further said.



 

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