SRA says PH sugar supply stabilizes
BACOLOD CITY — The sugar supply in the country has stabilized.
Sugar Regulatory Administration (SRA) records show that total refined sugar stock stood at 228,000 metric tons (MT) from September to November 2022, or 91 percent higher than last year’s record of 119,000 MT during the same period.
Tatak Kalamay spokesperson Gerard Joseph Sarrosa on Monday, December 12, lauded President Marcos and SRA Administrator David Alba for “being cautious in their importation program because had they pushed through with the 300,000 MT sugar order, they would be facing an oversupply today to the detriment of our sugar producers.”
Tatak Kalamay is an aggregation of sugar industry stakeholders.
Sarrosa also lauded the cooperation of the sugar refineries for responding to an earlier call from SRA Administrator David Alba to commence their operations earlier than usual.
“We are thankful that industry stakeholders are working together to ensure that we can respond to the needs of our consumers,” Sarrosa said.
“We are also fortunate that good weather was on our side, thus, production is high in terms of purity which has led to better sugar output as well,” he added.