MANILA, Philippines — The Senate has urged the executive branch to scrap its plan to open up the local sugar industry to importation, saying the move could be “disastrous” to small farmers and agrarian reform beneficiaries. In a resolution adopted by the Senate Monday, senators said the planned sugar liberalization “will contradict the president’s thrust towards food security and will severely affect the entire agriculture sector.”“The deregulated entry of subsidized sugar into the Philippine market will be disastrous to our sugar industry, which contributes an estimated P96 billion to the gross domestic product,” they said. Lito Lapid, who is on official business abroad and Leila de Lima who is in detention—signed the resolution. Finance Secretary Carlos Dominguez III said in July that the government is taking a close look at sugar import liberalization because domestic prices are double the world market price, weighing on the competitiveness of the food processing industry. — Ian Nicolas Cigaral

Source: Philippine Star November 12, 2019 10:03 UTC