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Philippines plans to import 350,000 tons of sugar

 Last Update: 2022-05-15
 Source: Internet
 Author: User

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The Philippines is considering importing 350,000 tonnes of sugar to fill local supply shortages and stem price spikes, the Business Mirror reported on April 7
.
According to the forecast of the Sugar Administration (SRA), the total supply of sugar in the 2021/22 market year (September-August) is expected to be 2.
21 million tons, and the total demand is 2.
19 million tons
.
As of the end of August, raw sugar stocks were only 27,000 tons, and refined sugar stocks were only 37,000 tons
.
As of April 1, the average wholesale price for a 50kg bag of raw sugar was 2,266.
15 pesos and refined sugar was 3,084.
23 pesos
.

Imported sugar price management

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