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Philippine sugar production increased in October

 Last Update: 2021-12-01
 Source: Internet
 Author: User

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According to a report from the " Philippine Star" (Philstar) on November 8, the latest data from the Philippine Sugar Administration (SRA) showed that two months after the Philippines entered the new crop year on October 24, the annual sugar output of the crop reached 185,000 tons, a year-on-year increase.
Increased by 39%, maintaining the growth momentum
.
During the same period, the Philippine sugar demand increased slightly by 3.
4% to 205,000 tons; sugarcane production increased by 31% to 2.
3 million tons
.
Currently, the price of sugar in the Philippines has risen by 17% to 1,725 pesos per 50 kg bag
.
SRA predicts that the Philippine sugar production in the current crop year will reach 2.
0997 million tons, and plans to allocate all the above-mentioned production capacity to the domestic consumer market
.

Sugar Management in the Philippines

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