SRA Chief Debunks Claims of Sugar Oversupply.
BACOLOD CITY: The Sugar Regulatory Administration (SRA) tagged as malicious the claims of oversupply by some sugar producers that supposedly led to the decrease in millgate prices. SRA Administrator Pablo Luis Azcona issued a statement on Monday in response to the presumption of the National Federation of Sugarcane Planters, Confederation of Sugar Producers Association Inc., and Panay Federation of Sugarcane Farmers Inc., together with the National Congress of Unions in the Sugar Industry, that the decision of the national government not to import sugar until after post-harvest was to prevent a drop in prices. According to Philippines News Agency, Azcona