Philippines: Sugar Semi-annual
Total MY 2015/16 (December/November) raw sugar production is forecast to decline slightly to 2.10 MMT from 2.15 MMT in MY2014/15 due to the extremely dry weather conditions experienced in the first half of 2016. Raw sugar production is forecast to recover to 2.25 MMT in 2016/17 with a return to more normal weather patterns. Post estimates consumption remaining at usual levels of 2.20 MMT in MY 2015/16. Raw sugar exports for MY 2016/17 are expected at 150,000 MT.