Philippines: Sugar Semi-annual
Link to report:
Total raw sugar production in MY 2019/20 (December/November) will reach 2.1 million metric tons (MMT), unchanged from the previous year, with cane production expected to be about 22 MMT. Consumption in 2019/20 will increase slightly to 2.3 MMT as demand for domestic and imported sugar by industrial users (i.e., beverages and processed food manufacturers) rises due to import restrictions and increased taxes on beverages using sugar substitutes (e.g., high fructose corn syrup). Sugar imports in MY 2019/20 are expected to be about 400,000 MT, the same as the previous year, to supplement local sugar production. MY 2019/20 raw sugar exports to the United States are expected to be around 120,000 MT, or around 5 percent of total Philippine production.
