Philippines to import up to 200,000 tonnes of sugar
2018-06-13

The Philippines said on Monday it will import up to 200,000 tonnes of sugar to fill a shortage in domestic supply that has fuelled a spike in prices.

It is reported by Reuters.

The Southeast Asian nation is not a regular sugar importer, but it usually buys from Thailand, the world's second-largest exporter after Brazil. The last time the Philippines imported the sweetener was in 2016 when it bought about 100,000 tonnes from Thailand.

The government's Sugar Regulatory Administration (SRA) has approved the planned imports to be undertaken by the private sector, to plug a shortage in domestic supply estimated between 160,000 tonnes and 200,000 tonnes, Agriculture Secretary Emmanuel Piñol told reporters.

In an order, the SRA said the import volume shall not exceed 200,000 tonnes, comprising 150,000 tonnes of refined sugar and 50,000 tonnes of raw sugar.

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