SRA pushes for ‘D’ sugar-A A +A
Saturday, August 31, 2013
THE Sugar Regulatory Administration (SRA) had released the sugar production allocation for crop year 2013-2014, an official said.
The SRA Board issued Sugar Order No. 1 allocating two percent for the US quota, 86 percent for the domestic market, and 12 percent for export to the world market.
SRA administrator Ma. Regina Martin said an estimated sugar production for this coming crop year would be around 2.45 million metric tons (MT), and consumption will be more or less 2.1 million MT.
She reiterated that in support of the diversification efforts of the Philippine sugarcane industry, and in order to expand the market of sugar, the use of "D" -- or world market sugar for the production of bioethanol pursuant to Sugar Order No. 5, series of 2008-2009 -- is encouraged.
"Price situation in the world market remains volatile and the bioethanol mandate could very well absorb the surplus sugar at viable price levels," Martin stated.
As of August 2, actual shipment to the world market is at 126,861 MT.
Allocation for "A" or US quota sugar is minimal, taking into account the available "A" sugar which were not shipped out to the US this crop year, the SRA official said.
The country's regular US quota is 138,000 MT. However, due to oversupply in the United States, unlimited access of Mexico to the US sugar market, and the decline in the price, only 53,690 MT were shipped to the US under the current quota year.
Final sugar production for crop year 2012-2013 reached 2.457 million MT, which is 9.5 percent higher than the previous crop year.
Published in the Sun.Star Bacolod newspaper on August 31, 2013.