Philippines: Save the Sugar Industry Movement (SAVE-SIM) convenor Wennie Sancho said that the letter written by the five food and beverage industry manufacturers to President Ferdinand Marcos Jr. Urging him to import sugar as per their needs is an economic disaster for the sugar industry, reports Visayan Dailystar.
These industries are motivated by greed for profit at the expense of the stakeholders of the sugar industry including the small producers and marginal farmers, said Sancho.
Importation of sugar directly will be a blunder that would “kill the goose that lays the golden egg”, he said.
“This would serve as the final nail that would seal the coffin of a dead sugar industry. It represents the silent theft of our economic wealth in the sugar industry,” he stated.
“We should not allow the foreign capital to steal the product of our labour, sweat and tears. This will affect the millions of workers in the sugar industry and their families. SAVE-SIM opposes and condemns this,” he added.
