The Victorias Milling Company vows to ensure the capacity utilization of its sugar segment through a stronger and more relevant incentive scheme to attract more sugar planters to supply their sugarcane to the company, for calendar year 2021-2022.
In a statement, the VMC said that trucking allowance is only one aspect of the scheme it has undertaken after a thorough scrutiny and understanding of the needs of the farmers during this time, when oil and fertilizer prices continue to rise.
Fertilizer costs have increased dramatically by three-folds, compared to the last crop year, or from P800 per bag to as high as P2,500 per bag now.
Another initiative that VMC has engaged in for sustainability is the production of liquid fertilizer which it offers to nearby and willing partner-farmers for free.
It added that the company remains committed to respond to the needs of its planters and the sugar industry. –GB
