Tridge summary
Agriculture Secretary Francisco Tiu Laurel Jr. and SRA Director Pablo Luis Azcona have suggested that a decision on sugar imports may be delayed until after May 2025, following a slower-than-expected domestic harvest due to the effects of El Niño. The current domestic sugar supplies, both raw and refined, are reported to be stable and adequate to meet demand, negating the need for immediate imports. The harvest has been significantly reduced by one-third compared to the previous year, with sugarcane producing less sugar per ton, causing farmers to delay harvesting in anticipation of higher sugar content.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Agriculture Secretary Francisco Tiu Laurel Jr. and SRA Director Pablo Luis Azcona jointly announced that the decision on sugar imports could be postponed until after May 2025, after the current harvest season ends. Tiu Laurel further explained that there is no immediate need for further imports, as domestic supplies of both raw and refined sugar are currently stable and sufficient to meet expected demand. The Philippines’ harvest is noted to be slower than expected. So far in the season, total sugarcane volume is only about one-third of what it was at the same time last year. ...
Source: Vinanet
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