SRA Approves 424,000 Metric Tons Sugar Importation for 2024-2025 Cropping Year
Manila: The Sugar Regulatory Administration (SRA) has given the green light for the importation of 424,000 metric tons (MT) of refined sugar under Sugar Order 8. This approval marks the first instance of sugar importation for the 2024-2025 cropping year, aiming to maintain a stable sugar supply for domestic consumption and a reliable buffer stock. According to Philippines News Agency, the current supply of refined sugar in the country stood at 1.12 million MT as of June 22, as reported by the SRA. The importation initiative seeks to bolster this supply, ensuring it meets the needs of the population. The