DTI threat of sugar
price freeze hit
BY CARLA GOMEZ
A sugar leader yesterday slammed Trade and Industry Secretary Peter Favila for warning of a possible price freeze on sugar because of a perceived supply shortage that is driving up retail prices.
“What is this, the whole country under martial law? We are in a democratic country, there should be free market forces,” Manuel Lamata, president of the United Sugar Producers Federation, said.
“It is not the producers, but the traders, re-packers and retailers of sugar who are making the money, why punish the whole industry?” Lamata asked.