Sugar Annual Report, Philippines – 25th April 2019

Market Year (MY) 2019/20 sugar consumption is forecast to increase marginally to 2.3 million metric tons (MMT), following a flat 2018/19 when sugar sweetened beverage consumption slowed due to higher taxes.  MY 2018/19 raw sugar production is expected to drop to 2.10 MMT due to a contraction in growing area and unfavorable weather conditions.  Raw sugar imports in MY 2018/19 will reach almost 300,000 MT to augment the shortfall in production expected.  Exports of “A” sugar to the U.S. market wil…