SRA: Posibleng epekto ng el niño sa produksiyon ng asukal sa bansa, pinaghahandaan | UB - video Dailymotion

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Transcript

00:00 The production of sugar is expected to increase

00:03 according to the Sugar Regulatory Administration.

00:05 But they are now preparing for the possible effect of El Nino on the supply.

00:10 This is the first news of Bernadette Reyes.

00:12 As the birth of the bird, the growth of the birds started.

00:21 But now, the Sugar Regulatory Administration wants to ensure

00:25 that the supply of sugar is enough in the country.

00:28 That's why in the visa of Sugar Order No. 1,

00:31 it was ordered to classify all sugar produced by farmers as domestic sugar.

00:37 According to the SRA,

00:39 even if the production of sugar is expected to increase by 1.85 million metric tons,

00:44 El Nino can have an impact on the farmers.

00:48 Aside from this, the expected demand for sugar

00:52 will reach 2.2 million metric tons or more in the supply.

00:56 If El Nino is really severe, we expect about a 10 to 15 percent drop.

01:01 If it's not severe, we can get our estimates.

01:07 The SRA is not yet in charge,

01:10 so there is no need for a new importation.

01:13 But they are still early in studying the supply.

01:17 By May and June, we will have ample sugar.

01:19 The shortages usually is felt before the next milling.

01:22 So usually at the beginning, first quarter of 2024,

01:26 we should already start surveying and planning

01:29 if we will really have shortages or if we really need to import.

01:33 For now, the price of sugar remains stable since February.

01:37 In the last price monitoring of the Department of Agriculture,

01:41 the price of sugar ranges from P84 to P110,

01:46 while the price of washed and brown sugar is P95.

01:50 Despite the efforts of the government to lower the price of sugar,

01:55 it did not return to the previous level of P50 per kilo.

01:59 That's why small businesses like this are affected.

02:03 Before, I bought white sugar, but now I use washed sugar.

02:06 Washed sugar is cheaper.

02:08 The price of sugar is not decreasing.

02:11 Maybe that's the trend now,

02:15 because it's already December, right?

02:18 Everything is really increasing.

02:20 According to the SRA,

02:21 once the new sugar mills arrive in Metro Manila,

02:25 it is expected to play at P75 per kilo.

02:29 This is the first news.

02:31 Bernadette Reyes for GMA Integrated News.

02:35 For the latest news, subscribe to GMA Integrated News on YouTube.

02:40 For those abroad, follow us on GMA Pinoy TV and www.gmanews.tv.

02:47 (upbeat music)

SRA: Posibleng epekto ng el niño sa produksiyon ng asukal sa bansa, pinaghahandaan | UB

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