• SRA to decide if PH must import sugar

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    THE Sugar Regulatory Administration (SRA) on Friday said it is studying the need for more sugar importation to temper the speculation that a problem with supply is caused by the prevailing dry spell.

    SRA chief Ma. Regina Bautista-Martin said they are now keeping an eye on the current crop year output.

    The SRA is coming up with a decision next whether or not it is necessary to import more sugar for buffer stock.

    Preliminary data showed that sugar production reached 1.94 million metric tons (MT) as of March 30. Total output is expected at 2.14 million MT for crop year 2015-2016, lower by 8 percent from 2.32 million MT in the previous crop year.

    The crop year is September to August.

    “Speculation is further fueled by the scenario of a delayed milling season for the next crop year due to the continued effects of El Niño,” Martin said.

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