SRA administrator assures sufficient supply of sugar in RP

January 26, 2010 11:21 pm 

By Annabel J. Petinglay

ILOILO CITY, Jan. 26 – Sugar Regulatory Administration (SRA) chief Rafael Coscolluela has assured the consuming public that there is sufficient supply of sugar in the country.

Coscolluela further said that since it is the peak season for harvest in Negros Occidental, the nationwide sugar inventory which is around 600,000 metric tons will still increase.

The projected addition to the nationwide sugar inventory will be 350,000 metric tons which will be enough to serve as buffer stock for two months.

Coscolluela said that the Sugar Reference Price (SRP) in Metro Manila at present is P52 per kilo which will be until end of January this year. He noted the SRP in the provinces especially here in Western Visayas, is much lower.

The SRA administrator contended that the reported sugar overpricing of P60 per kilo in Metro Manila is an isolated case and could be due to one or two dealers taking advantage of the worldwide shortage of sugar. (PNA)

LAP/AJP/vlo

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