Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

USDA expects PHL raw sugar output to fall 3.6% this year

by
October 6, 2024
in Top News
0
USDA expects PHL raw sugar output to fall 3.6% this year
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter
PHILSTAR FILE PHOTO

THE US Department of Agriculture (USDA) said Philippine raw sugar production is expected to decline 3.6% to 1.85 million metric tons (MMT) during the 2024 to 2025 crop year, with the decline partly offset by increased acreage planted to cane.

In a report, the USDA said the forecast is more bullish than that of the Sugar Regulatory Administration (SRA), which officially estimates output at 1.78 MMT.

The SRA said in Sugar Order (SO) no. 1 that it projects a 7.2% drop in sugar production from the 1.92 MMT reported during the previous crop year, citing crop damage sustained during the dry conditions brought by El Niño.

Sugarcane planting normally starts in October and ends in May.

The USDA on the other hand said that the expansion of acreage and a less severe El Niño than usual underpinned its own forecast.

The government weather service, known as PAGASA, declared the onset of El Niño in June 2023, bringing below-normal rainfall conditions, dry spells, and droughts. It ended in June.

The USDA added that the increase in Mindanao plantings could boost the area planted to cane to about 389,500 hectares from 388,000 hectares the prior crop year.

“The loss of area in Luzon due to land conversion to residential and commercial purposes will only partly offset area expansion in Mindanao,” it added.

SO 1 designated all sugar production for the 2024-2025 crop year as “B” sugar, for domestic use only.

The US maintained the Philippines’ export quota at 145,235 metric tons raw value of raw cane sugar under the tariff rate quota scheme of the World Trade Organization.

The SRA had earlier allowed the export of 25,000 MT of domestic raw sugar to fulfill the US quota after three years of noncompliance.

The USDA added that expects no further imports of sugar by the Philippines during the 2024-2025 crop year with the government seeking to protect Philippine producers. — Adrian H. Halili

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Lotus, positioned

Lotus, positioned

Recommended

FLOKI Unveils WAFI Mall Campaign as Part of Dubai Expansion Plan

FLOKI Unveils WAFI Mall Campaign as Part of Dubai Expansion Plan

November 5, 2024
Gold vs. Copper: Which Metal Will Shine Brighter in 2025?

Gold vs. Copper: Which Metal Will Shine Brighter in 2025?

March 11, 2025
Far Eastern University, Inc. to hold Annual Stockholders’ Meeting on Oct. 19

Far Eastern University, Inc. to hold Annual Stockholders’ Meeting on Oct. 19

September 24, 2024
Honda espouses electric

Honda espouses electric

October 27, 2024
Globe announces appointment of Darius Jose R. Delgado as Chief Commercial Officer

Globe announces appointment of Darius Jose R. Delgado as Chief Commercial Officer

August 30, 2024
PHL waiting for consent for exit of Pinoys from Lebanon

PHL waiting for consent for exit of Pinoys from Lebanon

October 9, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved