The Sugar Alliance of the Philippines asked the Sugar Regulatory Administration to investigate whether the importation of high fructose corn syrup has an impact on the continued decline of sugar prices.
The group said in a letter addressed to SRA administrator Hermenegildo Serafica that the importation of corn syrup might have contributed to the prevailing low prices of sugar.
It also asked SRA to hold the approval of the importation of HFCS until such time that the issue was properly investigated.
“During its regular board meeting, held on Nov. 23, 2017, the SRA board created a committee to investigate the cause for the decline of prices,” said Serafica.
“The board directed the committee to look into the importation and consumption of all forms of sugars. They will also run a check on custom bonded warehouses and food processors’ utilization of sugar,” he said.