The Philippines allocates most of its sugar production to the domestic market

Published 2021년 4월 12일

Tridge summary

The Philippines is set to allocate the remaining sugar from the 2020-2021 crop for domestic consumption to prevent price increases, by cancelling 7% of sugar exports to the United States until the end of the crop year on August 31. Despite this, the country is on track to meet its quota for US exports, with an expected 100,000 tons to be exported. The 2020-2021 crop is projected to yield 2.101 million tons of sugar, despite a drop in the sugar recovery rate.

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Original content

According to the Philippines’ Business Mirror report on March 31, the Philippines has decided to allocate the remaining sugar for the 2020-2021 crop year for domestic consumption to ensure sufficient inventory and avoid price increases. To The Sugar Administration (SRA) issued an executive order until the end of the crop year on August 31 to cancel the export of 7% of sugar to the United States, and all sugar production will be used in the domestic sugar market. To Barrera, executive director of the Philippine Sugar Mills Association, said that the reallocation will not threaten the quota for the United States. It is expected that 100,000 tons of sugar will be exported to the United States, which basically meets the quota requirements. To The latest ...

Source: Foodmate