Philippines: Sugar industry expects adequate supply despite import freeze until 2025

게시됨 2024년 11월 18일

Tridge 요약

The Philippine government has imposed an import freeze on sugar until mid-2025, despite a predicted 7.2% drop in raw sugar production due to El Niño-related crop damage. However, the United Sugar Producers Federation of the Philippines assures that the country has a sufficient supply of both refined and raw sugar. Despite this, mill gate prices for raw sugar have fallen due to decreased demand and the withdrawal of raw sugar for refining. Raw sugar stocks are currently at 148,255 metric tons, and refined sugar stocks at 323,923 MT as of October 20.

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원본 콘텐츠

SUGAR producers said the supply of refined and raw sugar will be sufficient even after the government announced an import freeze until the middle of 2025. “We do have sufficient supply of sugar — raw and refined — despite the drop in production,” United Sugar Producers Federation of the Philippines President Manuel R. Lamata said via Viber. Last week, the Department of Agriculture and the Sugar Regulatory Administration (SRA) said they intend to postpone refined sugar imports. The SRA has said that raw sugar production during the current crop year would decline by 7.2% from a year earlier due to crop damage sustained during the dry conditions brought about by El Niño. Mr. Lamata added he sees the need to import sugar by October 2025. The Sugar Council and the National Congress of Unions in the Sugar Industry of the Philippines have noted however that mill gate prices for raw sugar have declined. “An apparent decrease in demand has consequently caused the steady drop in prices,” ...

출처: WTOCenter