“There is no shortage of sugar…there is no need for importation,” Administrator Hermenegildo Serafica of the Sugar Regulatory Administration assured yesterday.
“SRA data shows that we will be able to reach our target production with enough buffer stock at the end of the milling season,” he said.
During yesterday’s Sugar Board meeting, that was attended by Agriculture Undersecretary Segfredo Serrano, and Board Members Roland Beltran and Emilio Yulo III, the board came to a consensus that there is no need to import sugar for domestic consumption, he added.
“During the presentation of the regulation department, figures clearly showed that there will be no shortage,” Yulo also said.
“There is no basis for speculations being floated around regarding alleged importation plans,” Beltran added.
The majority of our sugar mills are still milling and will continue doing so until June 2018, he said. “We anticipate additional production of raw sugar between 600,000 to 700,000 MT.This will be enough buffer stock until the next crop year 2018-2019,” Beltran said.
The Sugar Board yesterday also denied the request of Pepsi-Cola Products Philippines Inc. to allow it to sell its 9,196 metric tons of High Fructose Corn Syrup to Asian Alcohol Co. based in Pulupandan, Negros Occidental.
The Sugar Board denied the request “citing no cogent reason to reverse the earlier order to reclassify HFCS from “D” (world market sugar) to “B” (domestic sugar) not for commercial use but to be destroyed immediately,” Beltran said.
Samuel Dalisay Jr., PCPPI vice president for the Supply Chain Group, in a letter to the Sugar Board members dated April 5, sought their reconsideration to an earlier order for the destruction of its HFCS and to allow it to be sold to Asian Alcohol Co. in Pulupandan.
Susan Benitez, AAC senior vice president for operations, in a letter to Serafica dated April 4, requested clearance from SRA to purchase the 9,196 MT of HFCS from Pepsi to be used as an additive to molasses in the process of production of potable grade alcohol.
The use of HFCS in the fermentation process has provento increase the production of ethanol from a given mass of molasses, she said.*CPG
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