The Philippines may import 425,000 metric tons (MT) of sugar in the current crop year 2022-2023, as projected local production remains insufficient to meet the country’s total demand for the commodity. Know more:
THE Philippines may import 425,000 metric tons of sugar in the current crop year 2022-2023, as projected local production remains insufficient to meet the country’s total demand for the commodity.
The USDA projected that the Philippines will import 350,000 MT of refined sugar and 75,000 MT of raw sugar from the September 2022 to August 2023 period. The SRA earlier greenlighted a 150,000-MT refined sugar importation program in the current crop year. Sugar industry stakeholders earlier pointed out that the anemic pre-mill production forecast of the SRA points to one thing: the need for importation.
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