Monday, October 2News That Matters

Tag: sugar industry in the philippines

How the Sugar Industry Continues to Create Poverty in Negros

How the Sugar Industry Continues to Create Poverty in Negros

News & Opinion
The province of Negros Occidental is the 6th wealthiest province in terms of gross income in the country only behind Cebu, Batangas, Rizal, Davao de Oro, and Bukidnon. The island of Negros is known for its sugarcane production which accounts for 63% of the country's sugar output.  Bacolod, the capital city of Negros Occidental and the largest city in Western Visayas, is a highly-urbanized city, and poverty is hardly seen due to skyscrapers and luxurious subdivisions.   One might think that the people in the province are living comfortably due to the "riches of sugarcane", but behind the sugar wealth, the island is also having many of the poorest populations.  In 2015, the national poverty incidence was 16.5% of families, while it was 38.7% in Negros Oriental and 21.9% in Negros Occident...
Why Sugarcane is the Least Profitable Crop to Grow

Why Sugarcane is the Least Profitable Crop to Grow

Agriculture
As of this writing, the price of refined sugar in Metro Manila (retail) is P98/kg while the washed sugar is P80/kg. With this almost unaffordable price, many people would think that sugar farmers are making tons of money and perhaps, you are thinking of investing in sugarcane farming too - wait until you finish reading this article. Sugarcane is a major Philippine agricultural product and is second only to rice in the total area occupied around the country under food crops. It is harvested only once every year and the waiting time is quite long compared to other major crops like rice, corn, and vegetables. Although the country is producing millions of tons of sugarcane, still it is not self-sufficient. The cost of production is extremely high and instead, importing sugar is quite economic...