Philippines confirm that there is no sugar shortage

The Philippine government agency said that the Philippines is facing a sugar shortage is simply inaccurate. It said the recent crisis was due to some traders hoarding sugar to make profits.

During the inspection last weekend, it was found that there are about 60,000 bags of sugar imported from Thailand stored in Philippine warehouses.

“A large amount of sugar has been detected in warehouses on Luzon, leading the government to conclude that the sugar shortage is not true,” the Philippine government said in a statement.

Customs officials are currently investigating whether these warehouses have valid import permits.

The new Philippine government of President Ferdinand Marcos Jr. is struggling with a sugar shortage that has driven up prices.

President Marcos decided to buy sugar from abroad after initially refusing to import the commodity and instructed retailers to lower their prices to alleviate the people’s hardship.

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