Prices of “B” or domestic sugar prices were mixed this week, still remaining below the P1,200 per Lkg, data of the Sugar Master Plan Foundation show.

Most mill districts sold their stocks lower than last week’s prices while others like Hawaiian-Philippine Company in Negros Occidental and Passi I in Iloilo, higher.

The previous week’s prices ranged from P1,150 to P1,195 per Lkg, but this week, from P1,131.28 to P1,190 per Lkg only.

Rice prices softening
AMID JAPAN OFFER, BUMPER CROPS

MANILA - The Philippines, one of the world's largest rice importers, said yesterday prices are softening after Japan offered to sell rice to Manila amid news of bumper world harvests for 2008.

Large tenders by the Philippines to fill its expected 2008 production gap of up to 2.7 million tons have helped drive up prices by 76 percent between December 2007 and April 2008, according to the UN Food and Agriculture Organization.

However, the government's grain procurement arm, the National Food Authority, has seen prices in the international market ease, NFA spokesman Tom Escarez told AFP.

Negros execs invited
to China organic fair

Officials from Negros Occidental and Oriental have been invited to BioFach China 2008, which is geared towards promoting organic farming, in Shanghai China, May 29 to 31, Governor Isidro Zayco said yesterday.

There will be an organic agri conference and trade fair, Zayco said.

Zayco said he was not sure yet whether he will join the Negros delegation to the affair.

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