The Sugar Regulatory Administration (SRA) yesterday said the country may have to export 100,000 metric tons of sugar to the world market because of a good cane harvest.
The SRA said production for the current milling has hit 2.3 million tons, against the domestic requirement of 2.2 million tons.
Production could go higher, SRA administrator Ma. Regina Martin said, as six out of 30 mills are expected to be operational until the end of July.
Martin said the agency will come out with an official order on Monday covering the volume destined for the world market.
This is on top of the 200,000-ton quota in the US market for the year.
“We are now looking at the world market to sell our sugar since domestic consumption and withdrawals from mills dropped significantly this year,” Martin said.
“We’re still trying to find out if there are other available markets for the sugar export,” said Martin.
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