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No sugar MAV next year as stocks remain ample
The Philippine Star
|November 05, 2024
The government will not open the minimum access volume (MAV) for sugar next year, as the country has ample stocks and retail prices of the commodity remain stable, contrasting with the dire supply situation two years ago.
For the second straight year, the Department of Agriculture (DA) will not open a sugar MAV as authorities deem the current supply sufficient, especially with the ongoing importation program.
The DA has already begun accepting applications for the 2025 MAV, with sugar excluded from the list. For next year, only pork, chicken meat, potatoes, chipping potatoes, coffee beans, coffee extracts and corn will have their respective MAVs open.
This story is from the November 05, 2024 edition of The Philippine Star.
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