Philippines: Sugar Semi-annual
Total raw sugar production in MY 2018/19 (December/November) will reach 2.225 MMT, up slightly from the previous year, with cane production expected to be about 24 MMT. Consumption in 2018/19 will remain flat at 2.25 MMT as demand for sugar by industrial users (i.e., beverages and processed food manufacturers) remains strong due to import restrictions and increased taxes on sugar substitutes (e.g., high fructose corn syrup). Sugar imports in MY 2018/19 are expected to reach 300,000 MT to augment local sugar production. Total MY 2017/18 raw sugar production is adjusted downwards to 2.1 MMT due to a 15 percent decline in cane production from unfavorable weather conditions in the first half of 2018.