Gov't to allow 200,000 MT sugar imports

The Philippines would import at least 200,000 metric tons (MT) of refined sugar by September to ensure ample stocks and prevent price spikes in the market.

- JASPER EMMANUEL ARCALAS

Agriculture Secretary Francisco Tiu Laurel Jr. said the Sugar Regulatory Administration (SRA) board, which he chairs, would approve the importation program during their meeting next month.

He said the volume could still increase depending on their deliberations on the country's sugar supply situation.

Nonetheless, he noted that the minimum 200,000 MT import volume is being eyed to plug the foreseen shortfall in sugar stocks by August and tide over the country until the next milling season in October.

"That is for the gap before the harvest and the refining season," Tiu Laurel said in an interview with reporters late Wednesday.

The importation program has been on the table for six months already with industry stakeholders, including planters, being consulted about the matter, the agriculture chief said.