MANILA — Budget Secretary Benjamin Diokno on Monday said that while the planned liberalization of sugar imports would negatively affect local producers, this would benefit a greater number of consumers.
MANILA — Budget Secretary Benjamin Diokno on Monday said that while the planned liberalization of sugar imports would negatively affect local producers, this would benefit a greater number of consumers.
“There are more consumers than sugar producers,” Diokno said in an SMS message to the Philippine News Agency (PNA).
The plan to import around 200,000 metric tons of sugar seeks to address the elevated domestic inflation rate, whose upticks last year was caused by supply-side factors like a lack of supply of rice, meat and several agricultural products, he noted.
See full article at Philippine News Agency
