The country’s largest sugar producer, Roxas Holding Inc., said on Friday that sugar exports may have a bright future in the form of pre-mix products like “3-in-1 coffee or powdered juice drinks,” according to an official of a private sugar firm.
Archimedes Amarra, executive vice president for marketing and trading of Roxas Holdings Inc., said that the sugar industry of the country is showing positive signs and exploring new markets, despite facing challenges.
“The government and local traders are actively exploring new markets, such as India and the Middle East, especially with significant changes expected in the next two years,” he said during the Asia Pacific Sugar Conference in Singapore early this week.
He added that reduction in sugar tariffs by Asean Free Trade Area from 38 percent in 2010 to 5 percent in 2015 will greatly help the production and trade, as well as the “influx of sugar in the country as other Asean producers enjoy lower costs.” Asean is the Association of Southeast Asian Nations.
“The roadmap promoted block farming or the operational consolidation of small farms to take advantage of plantation-scale production; increase in ethanol production backed up by the law that mandates the use of biofuels in the country; sales of excess power from sugar mill power generation; and the production of other sugarcane by-products and co-products,” Amarra said.