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Retail supermarkets heed P70/kl of sugar after talks with ES

August 19, 2022 - Friday 7:08 PM by Catherine Cueto, Patricia Francia Lachica

Article Banner Image Photo from CANVA

Supermarket owners across the country have agreed to sell their refined sugar at the suggested retail price of P70 per kilo.

This was agreed upon by the owners, after a series of meetings with Executive Secretary Victor Rodriguez, under the orders of President Ferdinand Marcos Jr.

Rodriguez facilitated a series of talks with the owners of Robinsons Supermarket, SM Supermarket, and Puregold Supermarket, where they all agreed to the suggested retail price of P70 per kilo of sugar from a high cost of P90 to P110 per kilo.

"The President lauded the selfless response from these businessmen who are sacrificing not just their own inventory but also their projected business profits for the sake of the ordinary Filipinos at this time when the country is besieged by many problems," Rodriguez said.

Meanwhile, Press Secretary Trixie Cruz-Angeles said in a press briefing that SM stores have committed to selling their inventory of washed sugar at P70 per kilo, while Robinson's Supermarket pledged to unload 1 million kilos of sugar at P70.00 per kilo. 

"Samantalang nangako rin ang Puregold na ibababa nila ang presyo ng asukal for 1 million kilos at P70 per kilo, pero hindi po 2 million as previously reported," Cruz-Angeles stated. 

(Puregold also promised that they would lower the price of sugar to 1 million kilos and P70 per kilo, but not 2 million as previously reported)

She clarified that S&R Shopping is not included, as the market sold wholesale products.

Further, Press Secretary Cruz-Angeles reiterated that warehouses are still being monitored under the visitorial powers of the Bureau of Customs and other agencies like the Department of Trade and Industry and the Sugar Regulatory Administration.

According to Cruz-Angeles, the monitoring is to know the legitimate situation and numbers of sugar in the market, which may lead to resolving the seemingly artificial sugar crisis in sugar. 

She also explained that there is a 1-kilo limitation per customer for availing sugar at the market.