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Bacolod City, PhilippinesSaturday, October 10, 2009
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Domestic sugar
rates continue rally

Prices of domestic or “B” sugar continued to rise, with eight mill firms disposing off their stocks this week.

The Binalbagan-Isabela Sugar Company sold its stocks at P1,315.77 (high) and P1,312.10 (low), while the Southern Negros Development Corp. disposed off its sugar at a flat rate of P1,315.77, data from the Sugar Master Plan Foundation show.

At Thursday's bidding, Central Azucarera de la Carlota sold its stocks at P1,313.50; First Farmers Holdings Corp.; P1,340;Hawaiian-Philippine Company, P1,325.10 (high) and P1,311.58 (low); and Victorias Milling Company, at P1,325.

The Lopez Sugar Corp. disposed off its “B” stocks at P1325 while the Sagay Central Inc. sold its sugar at P1,326.

BISCOM came off as highest seller in terms of volume, with 7,321 Lkgs; HPCO released 11,622.61 Lkgs, lower than its 21,942.11 Lkgs, from last week.

VMC, meanwhile, sold 5,307.01 Lkgs, higher than its 5,000 at the September October 1 bidding.*PP

 

 

 

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