Philippines: Sugar Annual

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 200,000 MT to augment the shortfall in production expected. Exports of “A” sugar to the U.S. market will be about 120,000 MT or roughly 20,000 MT less than what the U.S. quota allocated to the Philippines.

Philippines: Sugar Annual