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

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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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