The Philippines’ sugar production will meet domestic demand

15.05.2018

The Sugar Regulatory Administration (SRA) is optimistic that the Philippines’ sugar production will meet domestic demand for the current crop year.

It is reported by The Manila Times.

According to SRA Administrator Hermenegildo Serafica, production reached 1,92 million tonnes as of May 6. The goal is 2,27 million tonnes.

«It is very apparent that, in a few weeks, we’ll be able to meet this target», — he said.

Some sugar cane planters are now on their second crop this year, Serafica said. «This translates to more available canes to be milled and, [more]important, additional supply for the market», — he added.

Based on SRA data released late last month, raw sugar output this crop year decreased by 11,3 percent — to 1,584 million tonnes from 1,786 million tonnes in 2016-17.

Preliminary data released by the SRA showed that raw sugar production from September 1, 2017 to April 1, 2018 dropped to 31,869 million 50-kilogram bags from 35,75 million in the previous crop year. Demand for refined sugar in the period, meanwhile, rose by 23,53 percent — to 631,341.85 million tonnes from 511,072.55 million tonnes.


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