Tag page - sugar importation mess

Executive Secretary Lucas Bersamin on Tuesday, May 23, told Senate probers that the importation of 440,000 metric tons (MT) of sugar is legitimate and fully authorized by the government. Executive Secretary Lucas P. Bersamin attends the Senate Blue Ribbon Committee hearing on the entries of sugar...

Cartel behavior is to blame for the unabated high prices of sugar in the market, Senator Risa Hontiveros said.   The senator lamented that the price of sugar should have dropped in the market following Malacañang's directive to allow the importation of 440,000 metric tons (MT) of sugar but this...

Despite President Ferdinand “Bongbong” Marcos Jr.’s order to import an additional 150,000 metric tons (MT) of sugar, the price of this commodity is unlikely to drop to its previous low level unless more sugar importers are allowed to penetrate the market.  Sen. Risa Hontiveros pointed this...