
VMC takes ‘desperate moves,’ group claims; mill mgmt replies
Sugarcane trucks at Victorias Milling Co.* Ronnie Baldonado photoCorporate giant Victorias Milling Co. appears willing to lose hundreds of millions of pesos by extending additional milling incentives to attract individual planters to deliver their sugarcane to VMC for crop year 2021-2022, a press release from the Vicmico Planters’ Association Inc. said Sunday, November 21.Industry sources indicated that VMC, fearing a reduced volume after unilaterally severing ties early this year with long-time business partner Vicmico Planters Association Inc. and consequently, with Vicmico Planters’ Multi-Purpose Cooperative, is giving milling incentives of as much as P300, or a total package of P550 per ton cane, to attract farmers to deliver their sugarcane to the mill, the press release said....









