Metro Manila (CNN Philippines, September 12) — The country’s sugar production is seen to drop by 10 to 15% for crop year 2023-2024, depending on the effects of the El Niño phenomenon, according to the Sugar Regulatory Administration (SRA).
Based on Sugar Order No. 1 Series of 2023-2024 released by the SRA board on Monday, the total raw sugar production for crop year 2023-2024 is estimated at 1.85 million metric tons (MT).
The SRA said the total domestic raw sugar withdrawal for crop year 2023-2024 is around 2.20 million MT.
According to the order, 100% of the expected sugar production shall be quedanned by mill companies as \”B\” or domestic market sugar.
\”Sugar mill companies shall issue weekly sugar quedan-permits or molasses storage certificates in the name of the individual planter or mill companies for their corresponding shares of sugar and molasses production for the crop year 2023-2024,\” the order read.
Unused sugar quedan-permit forms of the previous crop year shall be shredded and not allowed for use, it added.
The SRA will also conduct periodic assessment and withdrawals trend of the sugar production for the 2023-2024 crop year to see if there’s a need to adjust percentage allocation or distribution to other classes of sugar.
The order was signed by Agriculture Senior Undersecretary Domingo Panganiban, SRA Administrator and CEO Pablo Luis Azcona, and SRA Board Members Ma. Mitzi Mangwag and David Andrew Sanson.
