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MANILA (Philippine Day by day Inquirer/Asia Information Community): The nation’s sugar output continued to extend in February, and but common costs of this sweetener in Metro Manila have additionally shot up due partly to hovering fertilizer costs.
Information from the Sugar Regulatory Administration (SRA) confirmed the nation’s uncooked sugar manufacturing from Sept 1, 2021 to Feb 20, 2022, rose by 3.67 per cent to 1.2 million metric tonnes from 1.1 million in the identical interval a yr in the past.
When it comes to 50-kilogram baggage (LKg), uncooked sugar output climbed year-on-year to 23.7 million from 22.9 million.
The SRA information additionally indicated that the nation produced 423,633.50 MT of refined sugar over the identical near six-month interval, up by 38.7 per cent from 305,430.70 MT through the earlier interval.
Promoting costs often go down when provide will increase however SRA’s value monitoring confirmed that in Metro Manila, the typical retail value of sugar merchandise has truly risen.
The SRA information confirmed that as of Feb 23, refined sugar was promoting in supermarkets for P64.33 per kilogramme, increased than P64.30 per kg recorded as of Feb 16.
Refined sugar in public moist markets likewise rose week-on-week to P67.71 per kg from P67.29 per kg.
In the meantime, the value of uncooked sugar in Metro Manila supermarkets is now P50.93 per kg from P50.92 per kg, whereas in moist markets, uncooked sugar is now offered at a median of P50.57 per kg from P50.14 per kg.
Final month, the SRA stated it could situation present trigger orders to distributors promoting sugar at costs above the ceiling set.
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