"The instruction was to submit an import plan, and in the language of the SRA, an import plan is an import program in the form of a Sugar Order," he said.
"If the cost of sugar is high, exporters won t be competitive," See said in mixed Filipino and English. "Right now, if you buy from Thailand and Asian countries, the price of sugar, the landed cost in the Philippines is only about P40. But as of now, if the price is P80 to P100, the industry will not be competitive."
Uplifting community resilience, helping address hunger through various Coca-Cola initiatives mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.