00:00 Meanwhile, sugar production is declining in some parts of the country due to the effect of El Niño.
00:06 However, if the Sugar Regulatory Administration will be strict,
00:09 there is a buffer stock of sugar and its price should not be increased.
00:14 This is the news of Bernadette Reyes.
00:16 Some parts of this plant are already cut off in the Kabankalan City, Negros Occidental.
00:24 Due to the effect of El Niño, the amount of sugar obtained from the crops is decreasing.
00:30 According to the Sugar Regulatory Administration,
00:32 1.75 million metric tons or more than 100,000 tons of sugar is being produced by farmers.
00:43 Sometimes 20-30% or even more decrease in the amount of rice.
00:47 Our progressive farmers in Negros, everybody's been complaining of a drop.
00:52 In Batangas, the same thing.
00:55 So this is all related to weather.
00:57 Water is a big thing for the growth of crops, according to the United Sugar Producers Federation of the Philippines or UNIFED.
01:05 But due to the effect of El Niño,
01:07 The effect of this drought will be in the next couple of years, starting September of this year, all the way to 2025.
01:14 We feel that we are short again.
01:16 This is concerning. If you have less production, there will be less money for the farmers.
01:21 That's how it's going to be. And we're going to be importing more sugar.
01:25 According to the Sugar Regulatory Administration,
01:28 even if the production of sugar decreases, consumers should not worry.
01:33 Even businesses are using sugar because there is enough buffer stock that can reach 200,000 metric tons.
01:40 If the production drops, if it happens, we have the buffer stock.
01:47 So retail is not supposed to go up based on that.
01:52 That will stay until milling ends.
01:54 So we will always have a buffer because if it's milling season, we harvest, our production is overconsumption.
02:03 Meanwhile, President Bongbong Marcos approved the P5 billion fund to buy sugar from farmers through the Philippine International Trading Corporation.
02:16 It is expected to be sold in the market from June to September before the new milling season begins.
02:23 Bernadette Reyes, reporting for GMA Integrated News.
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02:42 [♪♪♪]
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