Philippines: Sugar Semi-annual
7th October 2022
FAS Manila adjusted marketing year (MY) 2023 raw sugar production down to 1.85 million metric tons (MT).
The weather disturbances and low fertilizer application due to soaring fertilizer prices drastically affected sugarcane production in the Philippines. Post anticipates no sugar exports for MY 2023, following the recent Sugar Order (SO) No. 1 allocating all production to domestic consumption. Post forecasts imports of 75,000 MT of raw sugar and maintains 275,000 MT of
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