Marcos: Philippines may import sugar by October

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MANILA – If the country’s sugar supply runs out by October, President and Agriculture Secretary Ferdinand “Bongbong” R. Marcos Jr. said the country may import sugar.

“Maaari, bandang Oktubre, baka ‘yung supply ng [asukal] na nandito sa Pilipinas ay paubos na, baka sakali ay kailangan nating mag-import (It is possible that, by October, the sugar supply here in the Philippines will run out, we may need to import),”the chief executive said in his vlog.

However, Marcos stated that the country will not import 300,000 tons of sugar, but only about half as much, or 150,000 tons.

Malacañang recently deterred Sugar Regulatory Board (SRB) Resolution No. 4, which authorized the importation of an additional 300,000 metric tons of sugar on top of what had already been imported in May 2022. The resolution was signed by President Marcos and uploaded on the Sugar Regulatory Administration (SRA) website. It was eventually removed.

The President stated that after conducting a check, he determined that the nation has an ample supply of sugar.

“So sabi ko, bakit hindi natin unahin ‘yan, dahil iyan ay galing dito sa Pilipinas. At mayroon na rin tayong na-import noon na nakaimbentaryo ngayon (So I said, why not consume this first, because this is from the Philippines. And we have imports from before that are now in inventory),” said Marcos.

“So bago tayo mag-import ng panibagong asukal, dapat, sabi ko, ubusin na muna natin ang supply dito (So before we import a new batch of sugar, I said, we should consume all our local supply here),” he continued.

The SRA has previously warned that the sugar supply in the country may run out by August should the government prohibit the importation of sugar.

House committees to hold hearings during break

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Spread the loveMANILA – The House of Representatives has authorized for its committees to conduct hearings during the five-week congressional break, extending until late April.