Lawmaker: Supply Caused Sugar Price Rollback

Lawmaker: Supply caused sugar price rollback

NEGROS Occidental 3rd District Rep. Javier Miguel Benitez has denied that the Congressional hearing on sugar prices triggered sugar price rollback, emphasizing that the decline was caused by excessive supply due to over-importation and policy decisions.Benitez held a high-level public consultation over the declining price of sugar in Talisay City last January, which was attended by other lawmakers, officials, and sugar industry groups.In a privi…

Solon – Hearing can’t trigger sugar price drop

• GILBERT P. BAYORAN Stressing that sugar prices are determined by supply and demand, Negros Occidental 3rd district Representative Javier Miguel Benitez