THE Sugar Regulatory Administration (SRA) said on Tuesday that it supports an investigation after sugar producers reported that millers are offering them lower prices for their cane.
SRA Administrator Pablo Luis S. Azcona said sugar farmers are being offered millgate prices of as little as P2,400 per 50 kilograms. “So that amounts to about less than P50 per kilo.”
“If you look at the numbers, our wholesale price is constant, our retail price is constant. Only the farmgate price has fallen,” he said.
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