Domestic sugar output can fill US quota – SRA

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sugar SRA "title =" Sugar SRA "/> </div> </p></div> <p> THE Sugar Regulatory Administration (SRA) said that the Philippines has made sufficient supply to supply the raw sugar export quota allocated by the US </p> <p> SRA administrator Hermenegildo R. Serafica in <i> BusinessWorld </i> said that the US sugar quota has been "all accounted for," with the fourth largest shipping volume. 19659003] "The sugar loaded in Negros [last Thursday] is around 31,125 metric tons (MT) .It is quite big, the biggest volume," he added. </p> <p> The first shipment was around 30,000 MT, while the second and third shipments were 27,000 MT and 28,000 MT, respectively </p> <p> Mr Serafica said that the remaining balance for the fifth vessel is about 15,155.15 MT. </p> <p> "I have to check this [volume] with the US [Department of Agriculture] if it's insufficient We will [have to] see if it's too smal l [and talk] to the traders who own these batches, "he added. </p> <p> Philippine raw sugar exports must arrive at US ports between Oct. 1, 2018 and Sept. 30, 2019. </p> <p> The US Trade Representative this month Whereas the US has retained the Philippines; 142,160 MT export quota for raw sugar under the tariff rate quota (TRQ) scheme of the World Trade Organization. </p> <p> This is the third-largest quota after those of Brazil and the Dominican Republic </p> <p> The TRQ sets a volume limit for goods at the US at a lower tariff. </p> <p> Mr. Serafica said that it has been issuing import clearances "almost every day" to ensure there is enough sugar in the country. However, he also reiterated that he was only facing a drop in supply. </p> <p> "That's why we have this import program," he added. </p> <p> The agency anticipates the production of new generation of fertilizers in the form of a fertilizer. their products to contain sugar instead of high-fructose corn syrup (HFCS) is also driving demand for sugar this year. </p> <p> Citing SRA data, Mr. Serafica noted that sugar consumption rose 16.9% during the off-milling season. In the industrial sector, sugar consumption likewise increased by 19%, which was not supported by domestic production, which fell. </p> <p> "The industrial segment saw an increase in sales volume. They thought it would drop but it did not happen. We Filipinos love sweet things, "he added. </p> <p> With the new crop year starting in September, Mr. Serafica noted that the retail prices for sugar are slowly falling, the SRA was advocating a few weeks back. – <b> Anna Gabriela A. Mogato </b></p> <footer> </footer></div> </pre> [ad_2] <br /><a href=Source link

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