Philippines: Sugar Annual

  |   Attaché Report (GAIN)

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Office of Agricultural Affairs, Manila   |   (011-632) 301-4900

Market Year (MY) 2016/17 raw sugar production may increase to 2.25 million metric tons (MMT) from 2.135 MMT in MY 2015/16 with a return to more normal weather conditions after a prolonged period of drought and a slight increase in sugarcane area planted. Industry expects demand for sugar and sugar substitutes to continue rising due to a rapidly developing food processing industry and a growing population. However, Sugar Regulatory Administration (SRA) data shows that domestic sugar withdrawals for MY2016/17 have slowed down as beverage manufacturers have been purchasing less local sugar and increasing use of lower-priced sugar substitutes like high-fructose corn syrup (HFCS), which have pushed down wholesale sugar prices. Post estimates that raw sugar exports for MY 2016/17 will be about 140,000 MT, most of which will go to the United States. 

Philippines: Sugar Annual

East Asia and the Pacific, Philippines
Sugar

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