Yulo takes oath as SRA board member; SRA probes sugar prices

Newly-installed Sugar Regulatory Administration (SRA) board member representing the planters, Emilio Yulo, said a committee created by SRA to conduct an investigation into the cause of the continued low prices of sugar, is on the move.

YULO AT SRA. Atty. Emilio Yulo took his oath before Agriculture Sec. Emmanuel Piñol, as the newly appointed member of the Sugar Regulatory Administration representing the planters.*

Yulo took his oath of office before Agriculture Secretary Emmanuel Pinol.

At the same time, SRA Administrator Hermenegildo Serafica said that pending investigation, SRA ordered the suspension of any further importation of sugar.

“The board directed the committee to look into the importation and consumption of all forms of sugars. They will also run a check on Customs-bonded warehouses and food processors’ utilization of sugar,” Serafica said.

Currently, mill gate prices of sugar is P1,100 per 50 kilo bag.

Earlier, the Sugar Alliance of the Philippines (SAP) has called on the SRA to investigate the effect of high fructose corn syrup (HFCS) importation on the continued decline of sugar prices.

In a letter addressed to Serafica, the SAP cited the link of the importation of HFCS to the prevailing low prices of sugar.

In the same letter, the SAP also requested SRA to hold the approval of the importation of HFCS until such time that the issue is investigated.*(NDB)