D.A., planong mag-angkat ng 200-K MT ng refined white sugar

Transcript

00:00The Department of Agriculture plans to approve the importation of 200,000 metric tons of refined white sugar.

00:08According to DA's Secretary Francisco T. Laurel Jr.,

00:12this will eliminate the shortage in the months of August and September,

00:16when it is expected that the supply of sugar will decrease.

00:20By importing, it is assured that the supply will be sufficient and the price of sugar will be stable.

00:27It is expected that a new sugar order will be issued in July,

00:31and the target is that it will be delivered to the country before the harvest season in October,

00:36so that the local producers will not be affected.

00:39The United Sugar Producers Federation is in agreement with this.

00:43An additional supply is needed,

00:45especially since 15% of the production of El Nino sugar is in Pinzala.

00:52By September, we should have an arrival of at least 200,000 tons.

00:56The current stocks will decrease by August-September.

01:05By August.

01:07So we have to have gap sugar of at least 200,000 tons by September-October

01:15so that our milling season will continue.

01:18So that the traders will not get nervous.

01:23They will not play us again.

01:26I think he's going in the right direction.

01:29He's safeguarding the stocks of the country so that we will not be depleted.

01:35Because what El Nino experienced in the sugar industry was so devastating.