SRA closely monitoring effects of El Niño on sugar production
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00:00 The Sugar Regulatory Administration, or SRA, is closely monitoring the possible effects
00:05 of El Nino to sugar production.
00:07 SRA Administrator Pablo Luis Ascona said sugar production decreases starting November well
00:13 into the following year.
00:15 However, the official explained they are willing to provide all necessary assistance to farmers
00:20 so that the price of prime commodities in the market won't be affected as much.
00:25 The SRA will also ensure the country has a buffer stock that is enough to last for two
00:29 months.
00:30 "The expected El Nino is November to January, the forecast of the expected.
00:38 So we will monitor the severity of this and we will see if it will bring about a decrease
00:44 on the estimated production or not.
00:46 For now, sir, our push is to improve production.
00:51 Since our farm gate price stabilized, we have seen an increase in area in various places
00:58 which is a good sign.
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