SRA halts molasses importation as price of local stock drops

SRA halts molasses importation

• GILBERT P. BAYORAN A moratorium on molasses importation was ordered by the Sugar Regulatory Administration, following a reduction of its price by 30 percent per ton, and a decrease in the withdrawal of local molasses from the sugar mills.… The post SRA halts molasses importation appeared first on Visayan Daily Star.

SRA halts molasses importation as price of local stock drops

The Sugar Regulatory Administration (SRA) has issued a moratorium on molasses importation, effective immediately, while it reviews policies to find a balance beneficial to local producers and industrial users. The move, outlined in Molasses Order No. 1 issued on Tuesday, September 30, comes after sugar stakeholders called for action following a significant drop in the […]