Pablo Luis Azcona, the new leader of the Sugar Regulatory Administration (SRA), has given priority to stabilize retail prices and domestic supply amid the impact of the El Nino phenomenon, reports Newsinfo.inquirer.
As per the Presidential Communications Office, Azcona, a former SRA board member was appointed as SRA chief executive officer on April 20, 2023.
He was appointed after SRA administrator David John Thaddeus Alba resigned last month due to his worsening health.
In a Zoom interview with a local newspaper, Azcona said, “Our priority is to set the suggested retail price (SRP) of retail sugar at P85 per kilogram.”
The prices of refined sugar in Metro Manila are from P86 to P110 per kg as against P70 per kg a year ago, as per the Department of Agriculture.
In November 2020 the DA had implemented an SRP for sugar which was P50 per kg for refined sugar and P45 per kg for brown sugar.
He also said that the agency is taking steps to review the impact of El Nino and the steps needed to take to minimize the damage.