Confectionery producers will not be allowed to directly import sugar
Sugar Regulatory Administration (SRA) said it will not allow the Philippine Confectionery, Biscuits and Snack Association (PCBSA) to directly import sugar as this will only “destroy the existing importation program already in place”.
SRA Board Member Roland Beltran said the association, which is comprised of 18 producers of confectionery products, could just tap a registered international trader for additional supply of sugar.
“The government, through SRA, is mandated to regulate the supply of sugar in the domestic market otherwise it will flood the market with [imported] sugar to the detriment of the stakeholders,” Beltran said in a Manila Bulletin report.
“It is preferred and helpful to a well orderly system of sugar supply and to stabilize prices that they join the program of importation through their designated international traders,” he added.
This, after the PCBSA, together with other business groups, wrote Agriculture Secretary Emmanuel Piñol a letter, requesting that they will be allowed to directly import sugar so they could finally bring down their production cost.
However, based on the Sugar Order no. 10, which the SRA issued last month, only international traders registered with SRA may conduct the importation of 200,000 metric tons (MT) of sugar.