By Kristine L. Alave
Philippine Daily Inquirer
The government will not be imposing the
suggested retail price (SRP) of sugar just yet as the supply is foreseen to remain tight, the chief of the Sugar Regulatory Administration (SRA) said.
SRA Administrator Gina Martin, in a recent interview, said the SRP of sugar of P52 per kilo remained “suspended indefinitely.†She noted that the price of supermarket sugar was P68 per kilo while smaller retailers were charging P65 per kilo.
The government in December suspended the SRP of sugar at the behest of retailers, who complained that P52 was way below the market price. According to the retailers, sugar should have been selling at P63-P65 per kilo.
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Topic: No Suggested Retail Price of Sugar in Philippines (Read 525 times)