The Confederation of Sugar Producers Association (CONFED) has expressed a positive outlook on the future of the sugar industry while urging Agriculture Secretary Francisco Tiu Laurel Jr. to initiate consultations with sugar planters regarding the proposed importation of 200,000 metric tons (MT) of refined sugar before the start of the next crop year 2024-2025 on September 1.
In a letter dated June 28, CONFED President Aurelio Gerardo Valderrama Jr. acknowledged the government's proactive measures to ensure market stability and prevent price spikes. He emphasized that collaboration between the government and industry stakeholders is crucial for a successful importation program. "We see this as an opportunity for transparent, data-driven decision-making that will benefit the entire sugar industry," Valderrama wrote.
CONFED highlighted that any sugar importation plan must be "data-based, calibrated, totally transparent and fair," and stressed the importance of stakeholder consultation. "We urge the Sugar Regulatory Administration (SRA) to begin consultations with the industry to decide on an appropriate importation program for this coming crop year," Valderrama added.
According to CONFED, the country's current inventory levels for both raw and refined sugar are sufficient to last until September without importation. However, Tiu Laurel noted last week that the government is set to approve the importation of at least 200,000 MT of refined sugar next month to ensure ample stocks and prevent price spikes.
The agriculture chief emphasized that the importation program has been carefully considered over the past six months, with industry stakeholders, including planters, actively consulted. Tiu Laurel explained that the importation is aimed at addressing a potential shortfall in sugar stocks by August and ensuring a stable supply until the next milling season in October.
Earlier this year, President Marcos endorsed the sugar importation proposal by the Private Sector Advisory Council - Agriculture Sector Group during the off-harvest and post-milling season to keep commodity prices stable. This endorsement reflects the government's commitment to maintaining a balanced and resilient sugar market.
The proactive approach by the government and the willingness of industry stakeholders to engage in consultations demonstrate a collaborative effort to strengthen the trade landscape for sugar. This partnership is expected to bring about positive outcomes for both producers and consumers, ensuring a stable and thriving sugar industry in the Philippines.
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