The counterproposal adding a small amount to its previous offer of P1 million annually presented by the Bacolod Real Estate Development for the increase in compensation for the management and operation of the Bacolod port is still unacceptable to the city.

Secretary to the Mayor Roger Balo, spokesperson of the city negotiating panel, yesterday said BREDCO proposed an amount just a little higher than the P1 million it had earlier offered against its present P800,000 annual rental.

During the caucus yesterday, the BREDCO panel requested for another meeting between today and the March 6 deadline because the two parties could not come up with an agreement.

Prices of raw sugar
slip to P1,200 level

Prices of raw or "B" sugar slipped to P1,200 level - between P1,205 and P1,285 per 50-kilo Lkg. - at the bidding Thursday after hitting above P1,300 last week.

In the previous week, prices of "B" sugar soared to as much as P1,340 per Lkg. The week before last, trading was between P1,180 and P1,245 per Lkg.

Price monitor shows that on March 2, Victorias Milling Company district's VIMACA disposed its stocks at P1,210 per Lkg while HPCO's Unifed, P1,275 and AHSSI/APSSI, P1,285.38.

CONFED: We object to
importation of sugar

The Confederation of Sugar Producers' Association Inc. yesterday clarified that it is objecting to the importation of sugar by beverage companies and that the move will not be acceptable.

CONFED Negros-Panay Chapter Jose Luis Tongoy said that they have written to Trade and Industry Secretary Peter Favila saying that their objections will be mitigated if it will be done after the milling season in the Philippines and will be imposed the necessary import duties.

However, Tongoy said that even if their objection is lessened, it does not mean that it becomes acceptable and it remains an objection.

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