President Ferdinand "Bongbong" Marcos Jr. has denied the plan to import additional 300,000 metric tons (MT) of sugar, Press Secretary Trixie Cruz-Angeles said.
"The President rejected the proposal to import an additional 300,000 MT of sugar," Angeles said in a statement.
Added that "He is the chairman of the Sugar Regulatory Board and denied this in no uncertain terms."
Marcos who is also a chairman of the Sugar Regulatory Board made the decision following an order dated August 9, to import raw and refined sugar for delivery no later than Nov. 30.
It said that raw sugar production for the crop year ending this month is expected to fall 16% to 1.8 million metric tons.
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