Most prices of domestic or “B” sugar dropped this week, but still remained above P1,000 per Lkg, based on the price monitor of the Sugar Master Plan Foundation.

This week, prices range from P1,015.29 to P1,048 while last week, were still between P1,025.50 and P1,078.69.

At the Jan. 17 bidding, Binalbagan-Isabela Sugar Company disposed its “B” stocks at P1,025.50 (high) and P1,023 (low); Hawaiian-Philippine Company, P1,043.31 (high) and P1,040 (low);

SONEDCO, P1,030; Victorias Milling Company, P1,030.38; Lopez Sugar Corp., P1,027; Sagay Central Inc., P1,020; Passi I, P1,015.29; Passi II, P1,048; Capiz, P1,037.88; and Bais, P1,032.

Central Azucarera de la Carlota sold its stocks at only P1,025.50 last week, but this week, it rose to P1,028.

In an earlier report, Sugar Regulatory Administration chief Rafael Coscolluela said the buying of sugar has remained virtually stable at P1,000 per Lkg.

Coscolluela said he does not see a further drop because the price of sugar in the international market has started to climb in line with other commodities, particularly oil.

Total volume disposed on Jan. 17 by BISCOM reached 43,868.94 Lkgs.; HPCO, 13,270.25 Lkgs.; and SONEDCO, 11,331.72 Lkgs.*NLG

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