There has been a noted shortage of supply of sugar in the domestic market of the Philippines after a poor harvest of for the 2024–22 crop year. This led to the price increase of the commodity and there has been suspicions of traders taking advantage of the situation through hoarding. A plan to import 300,000 MT of sugar through Sugar Order No. 4 was also subject to controversy which led to the resignation of officials of the Sugar Regulatory Administration (SRA). Nettet24. aug. 2024 · Mobilizing several different agencies, the Ferdinand R. Marcos Jr. administration has raided and found in several warehouses mainly in the National …
SRA checks on sugar warehouses for possible hoarding
Nettet22. aug. 2024 · MANILA – Malacañang on Monday confirmed that the supposed sugar shortage in the country is “artificial” and merely caused by hoarding done by … Nettet3. jan. 2024 · Sugar triggers insulin production, raises stress hormones, and depletes minerals and endogenous antioxidants like glutathione. [14] Sugar is pro-oxidant, pro … grapevine mills movie theater showtimes
The Bitter Reality of the Sugar Shortage – Ateneo Economics …
Nettet28. jun. 2024 · The latest tiding is the unusual increase in the price of sugar in the domestic market due to hoarding of this commodity because of the increase in GST on sugar from 8 percent to 17 percent announced in the Federal Budget for FY20 and its anticipated impact on prices. Nettet24. aug. 2024 · Mobilizing several different agencies, the Ferdinand R. Marcos Jr. administration has raided and found in several warehouses mainly in the National Capital Region and a few other provinces 401,000 50-kg bags of sugar. If half of these were raw sugar (P3,200 per bag) and half refined (P4,500), this hoarded sugar would be worth … Nettet20. mai 2016 · Now, in many market places, sugar is sold at $1.05 a kilo, while in some places it goes for up to $2, three times the government's fixed price. Hoarding? Tanzania's annual domestic sugar... chips away carlisle street sheffield