P5B allotted by govt for sugar purchases

By Janine Alexis Miguel

Jan 22, 2024 12:32 am

THE government has given the green light for an initial funding of P5 billion to directly purchase sugar from farmers as a measure to address the declining prices of the commodity.

In a statement on Sunday, the United Sugar Producers Federation of the Philippines (Unifed) said that President Ferdinand Marcos Jr. has approved the budget allocated to directly procure sugar from farmers.

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