Millgate prices of “B” or domestic sugar rallied anew this week to reach as high as P1,155.55 per Lkg, price monitor of the Sugar Master Plan Foundation shows.

On March 27, prices were between P1,075 and P1,125 while on April 3, between P1,095 and P1,155.55 

This week, Binalbagan-Isabela Sugar Company sold  its  “B” sugar stocks at P1,116.89 (high) and P1,110.55 (low); Central Azucarera de la Carlota, P1,116.89;  Hawaiian-Philippine Company, P1,155.55 (high) and P1,125.08 (low);

SRA head thanks planters
for help against smuggling

Sugar Regulatory Administration chief Rafael Coscolluela has acknowledged the help of those who had contributed their share of P1 per bag of sugar to the industry’s anti-smuggling campaign.

Coscolluela said the drive against sugar smuggling has already netted more than P54 million worth of imported sugar stocks which did not pass the muster of the Bureau of Customs or paid the corresponding tariff.

But all the amount donated voluntarily by the associations of sugar farmers had already generated results a “hundred fold,” he  said.

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