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Bacolod City, Philippines Thursday, February 2, 2006
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Prices of sugar held by
DOLE remain stable

Prices of domestic sugar held by the Department of Labor and Employment for the sugar farmers of the Binalbagan-Isabela Sugar Company remained at P1,355 per Lkg yesterday.

Last week "B" or domestic sugar held by DOLE sold at P1,355.55, Enrique Montilla, Binalbagan-Isabela Planters Association president, said.

However, "A" of US market sugar sold at P1,206 per Lkg, up P36 from P1,206 last week.

The Sugar Regulatory Administration is set to import 50,000 metric tons of sugar to curb the rising prices of sugar in the retail market on speculation of tight domestic supply, SRA Administrator James Ledesma said earlier.*CPG

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