Philippines sugar output to hit 2.43 million tons

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The Philippines Sugar Regulatory Administration (SRA) has increased its sugar production forecast for this season in expectation of a bigger harvest, Reuters reported.

According to SRA statement the new estimate is 2.434 million metric tons (MMT). Last year the production reached 2.356 MMT

At the start of crop year 2012-2013, the SRA set sugar production between 2.356 MMT and 2.434 MMT, but decided to adopt the lower estimate.

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