DA eyes setting SRP for sugar before November

By Reyza Ferranco

In response to the continuing increase in its retail prices, the Department of Agriculture (DA) plans to set a suggested retail price (SRP) for sugar.

Photo Courtesy of Department of Agriculture/Angga Tangi

DA representative Kristine Evangelista said that the SRP for the sweetener would be finalized within the week and implemented before November.

“[W]e will be able to have the exact price that is equitable not only for the importing companies na tumutulong din po pababain ang presyo, but also for the consuming companies," Evangelista explained. 

According to the Sugar Regulatory Administration (SRA)’s previous price monitoring, supermarkets had hit a new record high of P102 to P134 per kilogram of refined sugar, while public wet markets sold the commodity for P100 per kilo.

Furthermore, sugar stakeholders reported that the local millers had begun sugar production, and that sugar imports continue to arrive in the nation.

By November, SRA expects the retail prices to lower to around P70 to P85 per kilo. 

Edited by Audrei Jeremy Mendador
Previous Post Next Post