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Millgate prices of "B" or domestic sugar held above P1,000 per
Lkg on bidding yesterday allaying fears of sugar producers that
the removal of the "C" or reserve allocation would cause it to fall.
Sugar Regulatory Administrator James Ledesma yesterday said prices
stayed above P1,000 per Lkg for all sugar, "so there was really
no cause for all that noise."
Ledesma had removed the "C" allocation late last month because
of the tightness of the domestic sugar supply in the market that
has caused millgate sugar prices to reach P1,030 per Lkg and above
causing fears that this would cause retail sugar prices to go up.
  
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