Philippines surpasses sugar output target

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Manila, Philippines: Sugar output in the Philippines has reached 2.137 million metric tonnes in the first week of July which is slightly lower than the 2.14 million MT recorded in the same period last year, as per the data released by the Sugar Regulatory Administration (SRA).

However, despite the decline, the sugar output in the country has already exceeded its set target. According to the SRA, the sugar production for the current season has surpassed the government’s full-year target. The sugar crop year starts in September and ends in August.

The SRA in March had adjusted the sugar production target to 2.1 million MT from the earlier set goal of 2.19 million MT.

Along with this the SRA also cancelled the seven per cent export allocation to the US for the current season indicating that 100 per cent sugar output will be used for domestic purposes.

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