Philippine Finance Secretary Benjamin Diokno speaks during an economic briefing following President Ferdinand Marcos Jr’s first State of the Nation Address, in Pasay City, Metro Manila, Philippines.. REUTERS/Lisa Marie David/File photo
MANILA – Local sugar groups have voiced their opposition to Finance Secretary Benjamin Diokno’s proposal to allow sweetened beverage makers to directly import sugar. They argue that this move will have a negative impact on the livelihood of the country’s sugar farmers. The United Sugar Producers Federation (Unifed) and National Federation of Sugarcane Planters Inc. (NFSPI) also believe that this proposal will not effectively lower the selling price of sweetened beverages. Unifed President Manuel Lamata stated, “He (Diokno) wants to further enrich these industrial users even knowing that this move will kill the more than five million Filipinos who are dependent on the sugar industry.” NFSPI President Enrique Rojas added, “Allowing manufacturers of sweetened beverages to directly import sugar will wreak havoc on the long-established government regulations over the sugar industry, and it will further
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
Denial of responsibility! Samachar Central is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
