Just in time for Christmas! SRA expects sugar prices to decline by November

Christmas might be sweet after all for food and beverage manufacturers, as well as fans of pastries, as the Sugar Regulatory Administration (SRA) expects the price of sugar to go down in November.

Acting SRA administrator David Alba said the projected decline in sugar prices will be caused by the arrival of imported sugar.

“Hopefully by November, once all the imported refined [sugar] comes in, we should see a stabilization on the prices,” Alba told reporters Tuesday (September 20).

Around 150,000 metric tons of sugar is expected to arrive in the country after an importation order was signed by President Ferdinand Marcos Jr.

From the current P90 to P100 per kilogram, Alba said refined sugar may cost P70 to P80 a kilo by November. Last year, it was at P50 to P60 a kilo.

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