FORMER Negros Occidental vice governor Emilio Yulo III has officially assumed as director of the Sugar Board.
He took his oath of office before Agriculture Secretary Emmanuel Piñol in Manila last November 21.
Yulo’s appointment came after former Sugar Regulatory Administration (SRA) board member Hermenigildo Serafica succeeded Anna Rosario Paner as the administrator last September.
Yulo, who is representing the planters in the board, said he met with industry federation presidents during the consultative meeting last Thursday to ask for their insights regarding the drastic drop in sugar prices.
“We are hoping that we can at least look at ways to mitigate its impact to our small planters,” he said.
Among these measures are the investigation of the undocumented entry of high fructose corn syrup, which causes the price drop and the financing program for farmers who would like to “wait it out” until the prices will be stabilized.
The Department of Agriculture is also employing measures to address the decrease in sugar prices.
These include increasing the farmers’ productivity through various support services and other activities related to the sugar industry where farmers could have other sources of income until such time that the sugar prices have stabilized.