Ample stocks to keep Phl from importing sugar

The Philippines may not import sugar in the next market year (MY) 2025 as stocks remain ample from carryover of previous import programs, an international agency said.

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The United States Department of Agriculture-Foreign Agricultural Service (USDAFAS) in Manila projected that the Philippines will not import raw sugar in MY 2025 as the government "seeks to protect local producers." The market year for sugar begins on Sept. 1, aligned with the domestic cropping calendar being followed by the sugar industry.

USDA-FAS Manila added that it does not see the country importing refined sugar as well given the huge importations made in previous market years, resulting in high carryover stocks.

"There remain ample supplies of both raw and refined sugar in the market," the USDA-FAS Manila said in its recent Global Agricultural Inform Network (Gain) report.