The Philippine Chamber of Commerce and Industry (PCCI) is asking the government for the nth-time to ensure the country’s stable supply and prices of sugar against “possible” inflationary pressure on food and other basic commodities. Know more:
THE Philippine Chamber of Commerce and Industry is asking the government for the nth-time to ensure the country’s stable supply and prices of sugar against “possible” inflationary pressure on food and other basic commodities.
Barcelon said he reiterated PCCI’s call on the government “to assure [the country’s] food-manufacturing industry that there is enough and sufficient supply of sugar at reasonable cost to be competitive with our neighbors in Asean [Association of Southeast Asian Nations].” The PCCI official said the industry is requesting an allocation “exclusively” as input in food production so that the country’s local food manufacturers can compete with their Asean counterparts selling various food items.
“Government is cognizant of shortages from local sugar millers and thus allowed limited importation,” Barcelon said.
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