Prices of “B” or domestic sugar in Negros and Panay mill districts dropped this week, but still remained above P1,000 per Lkg, data of the Sugar Master Plan Foundation show.

At the January 22 bidding, prices ranged between P1,010.18 and P1,055.22 from last week’s P1,025.18 to P1,075.  BUSCO Sugar Milling Company of Bukidnon was at P1,010 the previous week.

This week, the Binalbagan-Isabela Sugar Company disposed its stocks at P1,015.80 (high) and P1,013 (low); Central Azucarera de la Carlota, P1,020; Hawaiian-Philippine Company, P1,025;

SONEDCO, P1,010.18; Victorias Milling Company, P1,035; Lopez Sugar Corp., P1,032;  Sagay Central Inc., P1,035; and Passi I, P1,055.22; Capiz, P1,025.01; and Bais, P1,025 (high) and P1,015.15 (low).

Only Central Azucarera de Don Pedro posted a higher price on January 22, P1,040 from last week’s P1,055.

At this week’s bidding, BISCOM sold 18,235.77 Lkgs; HPCO, 15,111.58; SONEDCO, 12,675.47; and VMC, 10,454.

It was only in the first week of January when prices of domestic breached the P1,000 per Lkg level after staying  just above P900 in the weeks before the Christmas and New Year holidays.

Prices at the January 15 bidding were between P980 to P1,025.  The first week of December levels were the lowest, dropping below P900 per Lkg in one mill district in Negros Occidental.*NLG

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