A Senior Agriculture Official Said On Wednesday Ina Press Briefing At Malacanan Palace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(File photo) MANILA - The move to import around 450,000 metric tons of sugar by the Department of Agriculture (DA) is aimed at managing inflation and building a buffer stock that will adequately meet the country's sugar requirements, a senior Agriculture official said on Wednesday. In a press briefing at Malacanan Palace, DA Senior Undersecretary Domingo Panganiban said they acted on the directive of President Ferdinand R. Marcos Jr. to immediately address inflation due to supply issues. "In response to the directive of the President to address inflation and create a buffer stock and given that sugar as one of the components of most commodities that drives the consistently high inflation rate, I acted with haste and interpreted the memorandum issued by the Office of the Executive Secretary as an approval to proceed with the importation," Panganiban told the members of the Malacanang Press Corps. "With the urgency of the situation, I instructed three capable and accre ....

Lanao Del Sur , Ferdinandr Marcos Jr , Stephanie Sevillano , Domingo Panganiban , Lucas Bersamin , Sugar Importation Program For The Crop Year , Malacanang Press Corps , Department Of Agriculture , Office Of The , Sugarcane Industry Development , Malacanan Palace , Undersecretary Domingo Panganiban , President Ferdinand , Executive Secretary , Malacanang Press , President Marcos , Agriculture Secretary , Sugar Importation Program , Crop Year , Executive Secretary Lucas Bersamin , Republic Act , Sugarcane Industry Development Act , Implementing Rules , Ile Photo Manila The Move To Import Around 450 , 000 Metric Tons Of Sugar By The Department Agriculture Da Is Aimed At Managing Inflation And Buildinga Buffer Stock That Will Adequately Meet Country 39s Requirements , A Senior Agriculture Official Said On Wednesday Ina Press Briefing At Malacanan Palace ,