PH to export more sugar despite short supply

THE Philippines will export an additional 10,000 MT of sugar to the US under a preferential quota scheme even as the government considers importing up to 100,000 MT to bolster domestic supplies tightened by the extended drought.

Sugar Regulatory Administration (SRA) Administrator Ma. Regina Bautista-Martin said Wednesday that Philippine sugar producers are looking to export an additional 10,000 to 12,000 metric tons of sugar to Washington under the country-specific and first-come, first-served in-quota allocations under the tariff-rate quotas (TRQs).