Manila: The Sugar Regulatory Administration (SRA) is planning to sell the confiscated smuggled sugar in Kadiwa stalls from the first week of April, said an executive, reports CBN.
Pablo Luis Azcona, SRA board member, said, “We have already agreed to donate the sugar na nahuli for the Kadiwa for sale.”
“We will be clearing all the documentation by April to clear the sugar for sale. We will be selling 4,000 metric tons of sugar next month at an initial level,” he informed.
President Ferdinand Marcos, Jr has approved the sale of the seized smuggled sugar, said the Presidential Communications Office recently.
The prices of sugar would go down to P70 per kilo following the approval to import 440,000 metric tons of sugar, expects SRA.