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Bacolod City, Philippines Tuesday, January 17, 2006
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Convert 'C' to 'B'
sugar, Confed asks

The Confederation of Sugar Producers Association yesterday urged the Sugar Board to convert "C" sugar to "B" or domestic sugar.

The CONFED unanimously passed a resolution during its National Board of Trustees meeting Jan. 13, to call for the conversion, pointing out that current market conditions make it unnecessary to hold such sugar in reserve, Luis Tongoy, CONFED Negros chairman, said.

The additional cash flow could help the sugarcane farmers cope with high costs of land preparation and planting during this critical part of the planting season, the resolution said.

CONFED, after a lengthy discussion, also believes that releasing the "C" sugar cannot significantly impact "B" sugar prices as it is already factored in, Tongoy said.

Tongoy said that the three weeks' supply of "C" sugar is approximately 40,000 MT.*

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