Author Topic: Suggested Retail Price of Sugar in the Philippines  (Read 693 times)

TUBAGBOHOL.com

  • FOUNDER
  • GURU
  • *****
  • Posts: 16968
  • support@tubagbohol.com
Sun Star - THE suggested reference price (SRP) of refined sugar will be retained at P52 per kilo, said the decision of the National Price Coordinating Council (NPCC).

The NPCC is chaired by the Department of Trade and Industry (DTI). The Sugar Regulatory Administration (SRA) earlier has recommended a P56 per kilo SRP of refined sugar, following the complaints of retailers in public markets and grocery owners who could no longer sell refined sugar at the SRP level of P52 per kilo.

SRA’s recommended SRP was based on the last bidded price of sugar at millsite and the prevailing wholesale prices from June to August.

Retailers said the wholesale price has gone up and is no longer profitable for them to sell sugar at the current SRP level.

SRA admitted that the spike in the domestic price of sugar was influenced by the trend of increasing sugar prices in the global market as well as the lean sugar supply in the domestic market brought by El Niño, which affected the harvest of the past crop year and the delayed milling season in the current crop year.

SRA, in coordination with the National Food Authority, implemented the importation of sugar using the tax expenditure subsidy of NFA so that sugar will come in at a price lower than the duty–paid importation, which will reach as high as P 70.00 per kilo of refined sugar. 

Out of the 250,000 metric tons total importation, 217,814 metric tons has arrived as of September 8. The importation hopefully could fill-in the supply gap during the lean months. 
Romans 8:38-39
"For I am convinced that neither death nor life, neither angels nor demons, neither the present nor the future, nor any powers,  neither height nor depth, nor anything else in all creation, will be able to separate us from the love of God that is in Christ Jesus our Lord."

Sitemap Index | Free TubagBohol Subscription


 

How to Support

Tubag Bohol needs your help. To donate for our server maintenance, please click the Donate button. Thank You!

Like us on Facebook

Latest Posts

Various Very Helpful Tips by islander
[April 30, 2016, 11:06:10 PM]


Reflections on old age by islander
[April 30, 2016, 10:53:29 PM]


Ginang nag-uros-uros sa kapungot sanglit ang iyang bana gisaway nga pisot by islander
[April 30, 2016, 10:44:38 PM]


Kaligoanan ni Botoy by islander
[April 30, 2016, 10:39:03 PM]


Kon mapildi si Digong sa eleksyon si Quiboloy mibahad nga mangulo og rebolusyon by islander
[April 30, 2016, 10:37:43 PM]


Pauraray by hubag bohol
[April 30, 2016, 07:41:34 PM]


Sleepy owls by hubag bohol
[April 30, 2016, 07:39:42 PM]


Ang kasubo, kasakit ug kamingaw sa nag-inusarang binilanggo by hubag bohol
[April 30, 2016, 07:37:33 PM]


Aylandil's belat by hubag bohol
[April 30, 2016, 07:34:39 PM]


Stop and smell the flowers by hubag bohol
[April 30, 2016, 07:24:44 PM]

Sign-up or Log-in - It's Free

 
 
Welcome, Guest. Please login or register.

Facebook Comments

Create a Successful Online Store at Bigcommerce! Try it Free Now!
SimplePortal 2.3.6 © 2008-2014, SimplePortal