Sugar output remains flat

Local sugar production remained flat in the second week of May at 1.98 million metric tons, according to the latest data from the Sugar Regulatory Administration.

Raw sugar production rose 0.9 percent from 1.96 million metric tons in the same period in the previous crop year.

Output in terms of 50-kilogram bags for the current crop year reached 39.7 million, slightly higher than the 39.3 million in the same period a year ago.

This brought the current raw sugar supply to 2.2 million metric tons, higher than the 1.2 million metric tons in the same period in the previous crop year.

Data also showed demand for raw sugar increased by 13 percent to 1.5 million metric tons. The total sugarcanes milled also rose 9 percent to 23.3 million metric tons.

The Sugar Regulatory Administration also terminated the 7% export allocation to the US for the current crop year. Now, 100% of the country’s sugar output for the year will go to the domestic market.

Source: https://www.philstar.com/business/2021/05/24/2100321/sugar-output-remains-flat

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