Philippines is likely to witness a shortfall in sugar supply in the market year despite the government not exporting sugar to US and other countries.
As per the data released by the US Department of Agriculture (USDA), the raw sugar production in Philippines is likely to be lower at 2.1 million metric tons (MT) in 2022 than 2.14 million MT in 2021, reported Manila Times. The domestic consumption is expected to be 2.2 million MT.
The Sugar Regulatory Administration (SRA) had already predicted at the beginning of the year that the country may face a shortfall of sugar in the current crop year. Taking note of this it has issued Sugar Order on August 31, 2021 allocating 100 per cent of the production to the domestic market.
The sugar production in the Philippines is classified in various categories including ‘B’ for domestic sugar, ‘A’ for exports to US, ‘D’ for exports to the world market and ‘C’ for reserves. Now the raw sugar produced in the country is classified as ‘B’ to utilize for domestic need.