In a significant step for international trade, the Philippines is sending 23,500 metric tons of raw sugar to the United States. The shipment, departing from Bacolod City's BREDCO port today, September 3, 2024, is expected to arrive in California within a month, marking a positive development in the country’s export activities.
This export is part of the Philippines' commitment to fulfilling its sugar quota for the U.S. market, ensuring continued participation in global trade agreements. Although weather conditions caused a brief delay, the shipment is now set to depart, with the final loads being completed this morning.
The loading process began in mid-August and involves a total of 25,300 metric tons of sugar from Negros Occidental. This effort is a key part of the country’s strategy to meet international obligations and strengthen trade ties, especially after a period of reduced export activity in recent years.
The initiative also highlights the commitment of local traders to support the domestic sugar industry, despite the challenges of fluctuating market prices. By participating in this export program, traders have helped stabilize local farm gate prices and maintained the Philippines’ role as a reliable supplier in the global market.
This export of sugar to the United States not only fulfills important trade commitments but also reinforces the Philippines’ position in the international trade community.
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