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Sugar producers group backs revival plan of PhilSuCor

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Workers stack sacks of locally produced sugar at a sugar retailer at the Marikina Public Market in Marikina City on May 16, 2023. Maria Tan, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/business/05/19/20230516-sugar-retailer-marikina-mt8.jpg"/><figcaption>Workers stack sacks of locally produced sugar at a sugar retailer at the Marikina Public Market in Marikina City on May 16, 2023. <em>Maria Tan, ABS-CBN News</em></figcaption></figure></div><p>MANILA — A sugar producer&#x27;s group supports President Ferdinand Marcos, Jr&#x27;s plan to revive the Philippine Sugar Corporation.</p><p>PhilSuCor is a government-owned and controlled corporation that was ordered abolished in 2018 due to supposed overlapping functions with the Sugar Regulatory Administration.</p><p>But the United Sugar Producers Federation of the Philippines disagrees.</p><p>&quot;The SRA dwells on establishing sugar orders and guidelines in which balance out the farmers, millers, consumers and make sure the prices are stable, that&#x27;s the job and function of SRA,&quot; Unifed president Manuel Lamata told ANC&#x27;s &quot;Headstart&quot; Friday.</p><p>&quot;The LANDBANK is the one supposed to be able to help the sugar industry, all agricultural industries, it is not doing its job, zero,&quot; he added.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/05/17/23/marcos-eyes-reviving-philsucor-to-boost-sugar-production">Marcos eyes reviving PhilSuCor to boost sugar production</a></li></ul><p>For Lamata, PhilSuCor was doing its job.</p><p>&quot;For the little money that it had, it did help and now since we 90 percent or 95 percent of our sugar lands are CARPED or 1 hectare beneficiaries, this is where this corporation can really come and help because these little farmers also need little things,&quot; he said.</p><p>&quot;It is very opportune that we should revive this corporation.&quot;</p><p>PhilSuCor was formed in 1983 during the leadership of Marcos Jr&#x27;s father and namesake to provide funding for the acquisition, rehabilitation, and/or expansion of sugar mills, refineries, and other related facilities.</p><p>In a video message Wednesday, Marcos Jr. said the revival of PhilSuCor was among the suggestions raised to boost sugar production and strengthen the local sugar industry. </p><p>He earlier approved the additional importation of up to 150,000 metric tons of sugar in an effort to stabilize the commodity’s price amid continued inflation.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/news/05/15/23/pag-angkat-ng-dagdag-na-asukal-inaprubahan">Pag-angkat ng dagdag na asukal inaprubahan ni Marcos</a></li></ul><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2621374" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

A sugar producer's group supports President Ferdinand Marcos, Jr's plan to revive the Philippine Sugar Corporation.