Millgate sugar prices were still below P3, 000 per Lkg this week but Sugar Regulatory Administrator Pablo Azcona on Friday, October 6, said he is hopeful it will increase.
He said that millgate sugar prices in some mills increased on Wednesday and Thursday, October 4 and 5, which is promising.
The prices this week were: Victorias Milling Co. in Victorias City – P2,803.35, First Farmers Holding Corp. in Talisay City – P2,789.90, Hawaiian Philippine Co. in Silay City – 2,788.88, Central Azucarera de La Carlota – P2,721.92, Binalbagan Isabela Sugar Co. in Binalbagan – P2,720.28,and Southern Negros Development Corp. in Kabankalan City – P2,710, Azcona said.
The average millgate sugar prices in the Visayas were at P2,720.48 per Lkg on October 1, P2,745.06 – September 24, P2,702.73 – September 17 and P2,825.35 – September 3, Azcona added.
The winning bidders now are the traders and not the mills, which was the case at the start of the milling season, he said.
Millgate sugar prices dropped below P3,000 per 50-kilo bag (Lkg) at three mills in Negros Occidental last week alarming sugar farmers. The composite millgate price of sugar in Negros for production week ending September 10 was P2,825.35, Administrator Pablo Luis Azcona of the Sugar Regulatory Administration told DIGICAST NEGROS on…
Sugar millgate prices at Negros Occidental mills remained below P3,000 per Lkg on Thursday, September 28, for the third straight week since the start of the milling season. Sugar farmers who asked not to be identified are asking what happened to government’s promise to keep the prices at P3,000 per…
Gov. Eugenio Jose Lacson said on Monday, October 9, that he hopes millgate sugar prices hit P3,000 per LKg bag so that the momentum of the economic growth in Negros Occidental and Bacolod City continues. The governor was reacting to the statement of Negrense Chef Margarita Araneta Forés on Saturday…
