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'Export, them Import?' This is the reaction of the Sugar Council to the sugar importation planned by the government. On July 4th, sugar farmers federations received communication from SRA Administrator Pablo Azcona dated July 1, 2024, with attachment on a proposed sugar order titled, “Subject: Export of Raw Sugar in Fulfillment of the U.S. Sugar Quota for the Year 2024 to Avail of Allocation for Future Import Program”.
sugar export quota has been left unserved since the crop year 2020-2021. At the start of the current crop year , SRA also did not set an export volume for the U.S., causing the reassignment of the Philippines allocation of 141,142MT. The article went on to disclose, however, that in November 2023 SRA requested the quota to be reinstated “to relieve the raw market of supply”. Thus, an allocation of 24,700MT was granted.
Importation Sugar Regulatory Administration (SRA) Millgate Prices Philippines
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