Regulator says sugar imports needed to address weak domestic production - BusinessWorld Online

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The Sugar Regulatory Administration (SRA) said the draft order authorizing 350,000 metric tons (MT) of sugar is intended to backstop domestic supply following shortfalls in local production. READ:

Administrator Hermenegildo R. Serafica said in a statement on Monday: “What the detractors of imports have failed to consider is the issue of food security, in particular, the availability of supply and the issue of affordability of sugar.”

The SRA recently put forward Sugar Order No. 4, which calls for the import of 250,000 MT of refined sugar, of which 150,000 MT is to be premium grade or bottlers’ grade refined sugar. The remaining 100,000 MT will consist of raw sugar. Apart from Typhoon Odette in December, he said other weather disturbances affecting the sugar crop were excessive rain and reduced sunlight due to the La Niña weather phenomenon.

 

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