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SRA Urged to Clarify Sugar Export and Import Decisions

SRA Urged to Clarify Sugar Export and Import Decisions

09/06/2024
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SRA Urged to Clarify Sugar Export and Import Decisions

by Geraldine S.
09/06/2024
in Importing & Exporting

Negros Occidental 5th District Representative Emilio Bernardino Yulo III has called on the Sugar Regulatory Administration (SRA) to provide a clear explanation regarding the decision to export 25,300 metric tons (MT) of raw sugar to the United States while planning to import 200,000 MT of refined sugar. Yulo emphasized the importance of transparency from the SRA to address concerns. “They just need to be transparent about everything so that we can allay any fears on what’s going to happen,” Yulo said during a press briefing.

Earlier this week, 25,300 MT of raw sugar was shipped from Bacolod City’s Bredco Port to fulfill the Philippines’ quota allocation under the US sugar export program, as outlined in Sugar Order No. 3. SRA Administrator Pablo Luis Azcona explained that this export helps balance the supply of raw sugar in the country, especially with the upcoming milling season set to begin in September. The last shipment of raw sugar to the US was during the 2020–2021 crop year, amounting to 112,008 MT.

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Later this year, the Philippines plans to import approximately 200,000 MT of refined sugar to address potential supply shortages and stabilize prices. Yulo also urged the country to prioritize domestic sugar production to meet internal demand. The SRA estimates that sugar production for the 2023–2024 season will be around 1.85 million MT.

Explore top supply chain news stories at The Supply Chain Report. Visit ADAMftd.com for free international trade tools.

#SugarIndustryUpdate #ExportNews #SupplyChainTransparency #PhilippineEconomy #FoodProductionNews

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