Philippines will export less sugar in 2014

Asian country had an increase in domestic demand while extreme climatic factors affected the crop, causing decline in production


Sugar producers in the Philippines will have to reduce the volume of sugar exported in 2014, as the , according to a report released by the company consultancy in the UK, Oxford Business Group.
In mid-February, SRA – Sugar Regulatory Agency announced that it would reduce the volume of sugar exports to all markets except for the U.S.. Data in February have already indicated a reduction of export volume from 14% to 8%, and 2% would still be to the American market, as in previous years.

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