The Sugar Regulatory Administration (SRA) on Thursday announced it is imposing a moratorium on the importation of molasses until the end of the year amid an observed decrease in the prices of the locally produced sugarcane byproduct.
In a statement, the SRA said that the Sugar Board issued Molasses Order No. 1 on September 30 to suspend molasses importation pending review of certain policies that govern such to find a balance that will be beneficial to
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