2022–2023 Philippine sugar crisis
Sugar crisis in the Philippines / From Wikipedia, the free encyclopedia
There has been a noted shortage of supply of sugar in the domestic market of the Philippines after a poor harvest of for the 2021–22 crop year. This led to the price increase of the commodity and there has been suspicions of traders taking advantage of the situation through hoarding and/or smuggling.
Date | 2021–22 crop year[lower-alpha 1] – present |
---|---|
Location | Philippines |
Cause | Low production of sugar Alleged hoarding |
Participants |
A plan to import 300,000 MT of sugar through Sugar Order No. 4 was subject to controversy which led to the resignation of officials of the Sugar Regulatory Administration (SRA).
A subsequent SRA Sugar Order, specifically Sugar Order No. 6 dated February 6, 2023,[1] also became subject of a Senate inquiry, in aid of legislation, through Senate P.S. Res. No. 497 filed on February 21, 2023[2] by Senator Risa Hontiveros and before the Senate Blue Ribbon Committee.[3]