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PBBM Eyes Direct Sugar Importation to Discourage Trading Monopoly

trading





By: Elena Grace Flores




UNTV News and Rescue
[VIDEO]: Pres. Marcos eyes direct sugar importation by food manufacturers



Trading Monopoly Solution

President Ferdinand Marcos Jr. confirms the administration looks into the possibility of food producers being permitted to directly import sugar. This is to address the current situation of the sugar industry’s alleged shortage. Meaning a firm can directly buy sugar from a supplier overseas. No more trading monopoly. Each food manufacturer can have the initiative to order what they need. That should solve the problem.



Enrile’s Hoarding Theory

Prior to the direct importation plan, Presidential consultant, Juan Ponce Enrile said that the sugar business monopoly may be hoarding the products. This is alleged to show their power over the administration. With PBBM’s strategy, they are likely to be bypassed by the major consumers. The trading monopoly must stop.



Confidence in the President

A group of business people in the sugar industry expressed their confidence in the president’s capability in solving the current sugar shortage.



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