Agribusiness


Philippines gets offer to send US more sugar




Posted on April 21, 2016


THE PHILIPPINES could ship 10,000 metric tons (MT) more of sugar to meet the United States’ quota and may co-ship with Thailand, officials have said.

Philippine sugar producers are looking into exporting an additional 10,000 to 12,000 MT of sugar, offered by Washington under the country-specific quota allocations of the tariff-rate quotas (TRQs), according to Sugar Regulatory Administration (SRA) Administrator Ma. Regina Bautista-Martin in a phone interview.

“The additional quota was awarded to the Philippines, which is about 10,000 MT more,” US Agricultural Attaché to the Philippines Jeffrey Albanese told reporters Tuesday, expecting that the country will comply with the requirement despite the dry spell that has hit farms in the region.

The volume is sufficient for a single vessel, which requires a volume of around 25,000-30,000 MT to be filled up, according to Ms. Martin.

“We are waiting for the result of the discussion between them (sugar exporters),” she said, adding that there is no pressure imposed on exporters and producers to comply with the US quota.

Ms. Martin added that the SRA will wait for at least two weeks before proceeding with the decision to either co-ship with Thailand or decline the US offer.

Domestic traders will be permitted to import replacement volume for domestic consumption, in exchange for the US exports.

Last week, Ms. Martin said the SRA completed the shipment of 135,508 MT, filling up the country’s regular US sugar quota.

Earlier, she said the SRA will wait and see whether to import 100,000 MT of sugar, given possible shortage from the El Niño. -- Janina C. Lim