The National Federation of Sugarcane Planters supported the call of President Ferdinand Marcos Jr. to ensure a two-month buffer stock for sugar at the end of the milling season, the group president Enrique Rojas said. | carlapgomezINQ /PDI
“A buffer stock is needed to supply the domestic market while sugar mills have not yet achieved peak production.
The lack of a buffer stock is precisely what caused domestic sugar prices to increase to unprecedented levels last July 2022 up to now,” he said.The Sugar Regulatory Administration, he said, should provide safeguards to ensure that the volume and arrival of the buffer stock will be calibrated, so it does not depress domestic millgate prices.
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