The Sugar Board yesterday approved a special allocation of B2 sugar to ensure that cheap supply can be made available to the poor through National Food Authority rolling stores.

Sugar Regulatory Administrator James Ledesma said B2 requires the allocation of one half percent of the country's sugar production as reserve sugar to be sold to the NFA at P950 per Lkg. so that it will have a retail price of below P30 per kilo.

The B2 allocation is in response to the rising millgate prices of sugar that last week reached a high of P1, 407 per Lkg, Ledesma said.

The one half percent allocation will be about 5,000 tons, or 100,000 bags of sugar, Ledesma added.

The members of the Sugar Board who approved the B2 allocation were Agriculture Secretary Domingo Panganiban, Ledesma and Rafel Golez.

The B2 allocation had the endorsement of the Philippine Sugar Alliance, Ledesma said. The country's estimated production for crop year 2005-06 is 2,018,000 metric tons, Golez said.*CPG

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