PH eyes sugar exports to ease supply glut

THE Philippines is considering export of surplus sugar for crop year 2020-2021, preferably to the United States, to stabilize prices and supply, the Sugar Regulatory Administration (SRA) said.

In his report to Agriculture Secretary William Dar, SRA Administrator Hermenegildo Serafica said the agency is studying the possibility of exporting surplus sugar to the US to take advantage of Washington’s preferential rate.