Prices of “B” or domestic sugar dropped this week, prompting sugar leaders to call for measures to prevent a further slump in the price of the province's main product.

Central Azucarera de la Carlota which sold off its stocks at P1,380 (high) P1,370 (low) last week, disposed off its sugar at P1,256.10 at Thursday's bidding, data from the Sugar Master Plan Foundation showed.

SONEDCO, which sold at P1,360 last week, pegged its rate at P1,275 although it raised its volume to 30,338.94 LKgs from its 26,118.58 Lkgs at the October 29 bidding.

PASSI I and PASSI II sold at P1,300 and P1,250 respectively.

On Thursday, sugar leaders urged the government to convert the country's sugar into “C” or “reserve” supply to prevent a plunge in prices.

Sugar Regulatory Administrator Rafael Coscolluela, meanwhile, said that they will weigh the arguments of the producers to see what can be done about the concern.*PP

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