Daily Star logoBusiness



Bacolod City, Philippines Tuesday, August 25, 2020
Front Page
Star Business
Opinion
Sports
Star Life
People & Events
Unifed recommends 7% for A sugar
BY CARLA P. GOMEZ

 

The United Sugar Producers’ Federation of the Philippines is recommending that 7 percent of the country’s sugar production for the new crop year be allocated as “A” for the US sugar market quota, Unifed president Manuel Lamata said yesterday.

Lamata said Unifed’s recommendation for Sugar Order No. 1 for the start of milling on September 1, after consulting with its board and members, was a 7 percent allocation for the A market and 93 percent for B, or domestic market.

“We will have a very big stock in the bodegas thereby possibly bringing sugar prices down. We also need to supply our US market 132,000 m/t,” Lamata said.

“The A export of our raw’s to the US need not be replenished. But we do not discount the probability of importing if need be,” he said.

Rest assured that Unifed will always look after the welfare of the sugar industry to make sure that we have a fair price for the consumers, farmers, millers, and industrials, he added.

“In these trying times with the Covid virus hanging on our heads, we have to stay united and face the incoming problems,” he said.

Lamata urged everyone to stay safe, and added, “May God watch over all of us in the sugar industry.”*

 

back to top

Business
ButtonUnifed recommends 7% for ‘A’ sugar
ButtonSalvador Benedicto receives aid for chicken, goat projects
ButtonMegaworld rolls out 4-point plan to recover from Covid pandemic

ButtonPhilsutech meeting moved to August 27