The Senate Committee on Agriculture and Trade Industry agreed to create a Sugar Industry Consultative Committee yesterday even as sugar industry stakeholders’ doubts linger.
Senator Cynthia Villar said she is pushing for a settlement.
“The industry wants a P1,500 price for domestic sugar and the beverage companies will help,” Villar, chair of the agriculture committee, said.
The companies agreed to recognize Sugar Order No. 3, she said.
Senator Juan Miguel Zubiri said it will be a new dawn for the sugar industry as everything ends well.