The rising prices of fertilizers in Negros Occidental has raised concern among retailers, Hinigaran Vice Mayor Jose Nadie Arceo, who is also in the fertilizer retail business, said.

In a telephone interview yesterday, Arceo told the DAILY STAR that there has been an unreasonable increase in the prices of fertilizers in the recent months, adversely affecting farmers, particularly those planting sugarcane, who have to deal with low sugar prices.

Based on the figures he provided, the retail price of major fertilizer grade, 18-46-0, has risen from only P1,370 per sack in October last year to P1,850 this February. In January, the cost was P1,750 per sack.

Pepsi trades below IPO price

MANILA – Shares in PepsiCo's bottler in the Philippines closed below their initial public offering price yesterday amid a volatile domestic and global markets, dealers said.

Shares of Pepsi-Cola Products Philippines Inc (PCPPI) opened at P3.30 (8.14 cents) but closed at P2.85 compared to the IPO price of P3.50.

The company had lowered its IPO price to between P3.50 and P4.30 a share from its initial price of P6.40 to attract investors amid volatile equities market.

‘B' sugar prices continue drop

Prices of domestic or “B” sugar dipped anew this week but still remained above the P1,000 per 50-kilo Lkg. level, price monitor of the Sugar Master Plan Foundation showed.

At the Jan. 31 bidding, prices ranged from P1,008 to P1,045.55 while a week ago, between P1,013 and P1,048.29.

This week, prices of Binalbagan-Isabela Sugar Company declined to P1,008 from last week's P1,013.50 (high) and P1,010.09 (low); Central Azucarera de la Carlota, P1,013.50 (high) and P1,010 (low), from P1,020 (high) and P1,019 (low); Hawaiian-Philippine Company, P1,028.26 (high) and P1,025.89 (low), from P1,034 (high) and P1,031.02 (low);

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