Millgate prices of "B" or raw sugar bounced back this week after sliding below P1,200 per-50 Lkg. at the bidding on March 16.

Price monitors show that "B" sugar prices ranged from P1,200 to P1,254 per Lkg. on Thursday while last week, between P1,150 and P1,213.89.

At the bidding on March 23, VMC's VMC cooperative and VIMACA sold its stocks at P1,200; HPCO's UNIFED, P1,254.18 and AHSSI/APSSI, P1,252.86; Central Azucarera de La Carlota's UNIFED, P1,240.08 and AALCPI, P1,240.36;

RP revises '05 trade
deficit; up 57 percent

MANILA - The Philippine government yesterday revised its 2005 trade deficit to $6.163 billion, much higher than the $3.903 billion it earlier announced.

The National Statistics Office said it had changed the trade deficit figure due to the adoption of a new methodology of compiling import statistics and the addition of more import documents.

Under the new figures, imports in 2005 have been revised to $47.418 billion from the original estimate of $44.9 billion while export figures were raised to $41.255 billion from $41.006 billion, the NSO said in a statement.*AFP

Imports rise 5.1% to
$3.681B in January

MANILA - Philippine imports rose 5.1 percent in January from a year earlier to $3.681 billion due largely to higher oil prices, the National Statistics Office said yesterday.

This resulted in the trade deficit in January hitting $415 million, almost double the $207 million in the same period last year, the NSO said in a statement.

Earlier, the government announced that exports in January had fallen 0.9 percent year-on-year to $3.266 billion.

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