has announced an import plan for 240,000 metric tons of refined sugar. This initiative, outlined in Sugar Order 5 dated August 8, marks the country’s first sugar import program for the crop year 2023–2024.
The import program aims to ensure a steady domestic supply and build a buffer stock in preparation for potential impacts of El Niño anticipated for the 2024–2025 crop year. This measure is part of broader efforts to secure the nation's food supply chain amidst changing climate conditions.
Applications for sugar importation will be accepted by the Sugar Regulatory Administration (SRA) in Quezon City and Bacolod, with import allocations to be issued within five working days following the application deadline. Each allocation will require a bond of PHP 250 per 50-kilogram bag, payable by manager’s check, to ensure compliance with SRA regulations.
The program is open to all eligible participants of Sugar Orders 2 and 3 who are licensed SRA international sugar traders in good standing. The expected arrival of the imported sugar is set for September 15, and it will be classified as reserve sugar.
The move comes in response to an anticipated shortfall in sugar stocks, with current refined sugar inventories at 492,985 metric tons as of June 9, which is a 14% increase compared to the same period last year.
This proactive measure is designed to sustain the country’s sugar supply until the next milling season begins in October.
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