The Sugar Regulatory Administration said Thursday it will allow sugar producers and traders to export up to 142,000 metric tons of sugar.
SRA administrator Ma. Regina Martin said the agency would issue a sugar order authorizing the export of sugar.
For crop year 2015 to 2016, the Philippines received a regular US sugar quota allocation of 142,000 MT raw value under the tariff-rate quotas, wherein the Philippines is one of the countries that could export to the US at a low tariff.
“ However, SRA did not allocate ‘A’ or US quota sugar for CY 2015-16. Instead all sugar production is classified as ‘B’ for the domestic market in preparation for the anticipated effect of the El Niño on sugarcane production,” said Martin.
“Those who exported to the US using B sugar may replace the same with raw or refined sugar from the world market, keeping in mind the volume needed to balance supply and demand,” Martin said.