CONFED thanks sugar board for stopping US market allocation

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The Confederation of Sugar Producers Associations thanked the Sugar Regulatory Administration board Tuesday, March 30, for its swift action in classifying 100 percent of the country’s sugar as “B’ to be sold in the domestic market.

“We acknowledge and thank the swift action of SRA Administrator (Hermenegildo) Serafica and its Board Members in stopping the US allocation through the SRA Sugar Order No.1-A Series of 2020-2021,” Raymond Montinola, CONFED president, said.

The SRA Board in Sugar Order 1-A issued Monday, March 29, scrapped the classification of 7 percent of the country’s sugar as “A” for the US Sugar market.

Effective week ending April 4 all of the sugar produced in the country will be classified as 100 percent “B”, Serafica said.

“We believe that due to climate condition and the sugar demand shifting to raw, it is necessary to stop the US sugar in order to fill up the supply of our domestic market to support our stock balance,” Montinola said.

On Monday, Manuel Lamata, president of the United Sugar Producers Federation of the Philippines, said the sugar board order will address the rising prices of our domestic sugar which our consumers are already complaining about.

“We laud SRA Administrator Hermie Serafica for listening to our call to scrap the allocation for ‘A’ sugar and, instead, classifying 100 percent of production as ‘B’ sugar for the domestic market,” Enrique Rojas, NFSP president, also said Monday.*

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