MANILA, Philippines — The price of sugar in the market is unlikely to drop to its previous low level despite the order issued by President Ferdinand 'Bongbong' Marcos to import an additional 150,000 metric tons (MT), according to Senator Risa Hontiveros. During an interview, Hontiveros expressed her belief that sugar prices will remain high as long as the government restricts sugar imports to only three companies. She stated, 'According to reports, the President instructed the Sugar Regulatory Administration (SRA) board members to import additional sugar.

https://newsinfo.inquirer.net/1771148/hontiveros-renews-call-for-increased-sugar-importers-to-reduce-local-prices

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