
Millgate sugar prices rebound, good 2023 start for planters: Yulo
It will be a good 2023 start for the sugar industry as millgate sugar prices strongly rebounded after a 3-week slide.Rep. Emilio Bernardino Yulo (Neg. Occ., 5th Distirct), former Sugar Regulatory Administration board member, said sugar producers are happy to see “sugar prices bounce back after almost a month of downward slump.”“Prices have breached the P3,000 per 50LKg bag which will make it a little bit profitable for our farmers who were on their toes in the past weeks, seeing the downtrend in sugar prices,” Yulo said, adding that the current price is “comfortable enough to ease the fears among the planters.”He said there is a “misconception” that planters earn from the high cost of retail sugar that continues to prevail in metro areas, not knowing that in the past weeks, “pl...









