The Sugar Regulatory Administration (SRA) has issued an order allowing the voluntary export of 66,000 metric tons (MT) of raw sugar to the United States under the U.S. Raw Sugar Tariff-Rate Quota World Trade Allocation.
According to Sugar Order No. 5, released on Wednesday, participants in the export program will receive priority in future import initiatives. Additionally, those complying with the order will be permitted to import 2.5 kilograms of refined sugar for every kilogram of raw sugar exported to the U.S.
The Office of the U.S. Trade Representative has allocated a total quota of 145,235 MT raw value of raw cane sugar to the Philippines for the trade year ending in September. Potential participants must submit a written and notarized commitment to the SRA by March 30, specifying the quantity they intend to export.
SRA Administrator Pablo Luis S. Azcona stated that industry stakeholders advocated for increasing the export volume to 66,000 MT, up from the initial 60,000 MT, to optimize shipping capacity.
However, some local industry representatives, including sugar farmers, have expressed concerns over the pricing structure of sugar exports, noting that U.S. purchase prices are lower than domestic market rates.
Stay informed with supply chain news on The Supply Chain Report. Free tools for international trade are at ADAMftd.com.
#SugarTrade #ExportNews #AgricultureUpdate #MarketTrends #SupplyChainNews
