Metro Manila, Philippines – The government will import 424,000 metric tons of sugar to ensure a stable supply and prices.
The commodity must arrive beginning July 15 and not later than Nov. 30, according to Sugar Order No. 8 released Tuesday, July 8, by the Sugar Regulatory Administration.
This will be the first sugar import program for crop year 2024-2025 and for the production crop year 2024-2025.
“The intention of this sugar import program is to ensure that the country will continue to have sufficient actual supply of sugar for domestic consumption and for buffer stock,” read the order.
The SRA said there is a “relatively stable” supply and prices of sugar as of June.
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