We’re not afraid
of 2015 - PSMA
Approve Sugarcane Act, millers urge
BY CARLA GOMEZ
“We are not afraid of 2015, we are confident that the Philippine sugar industry will survive,” Francisco Varua, president of the Philippine Sugar Millers Association and the Philippine Sugar Research Institute, said yesterday.
Under the Asean Free Trade Area agreement, the tariff on imported sugar entering the Philippines will drop to a nominal 5 percent next year.
“We have been preparing for 2015,” Varua told the DAILY STAR, citing sugar mills retrofitting their facilities to produce ethanol and to co-generate power, and efforts to increase production in farms and mills.