SRA, planong mag-export ng raw sugar sa U.S.

Transcript

00:00The Sugar Regulatory Administration is now planning to export raw sugar to America

00:06and the extraction of white sugar.

00:08Details in the words of Clayzel Pardilla.

00:13The Sugar Regulatory Administration is now planning to export raw sugar to the United States.

00:20According to SRA Administrator Paul Azcona,

00:24the Philippines may export up to 25,000 metric tons.

00:29He clarified that the Philippines is exporting sugar to America.

00:34This is considered a commitment by the U.S. as a long-time trade partner

00:40and a member of the World Trade Organization.

00:43This is also being done whenever the supply of raw sugar peaks

00:48or drops in demand for sugar.

00:51In 2021, the Philippines was the last to export sugar to the U.S.

00:56because the country prioritized its own needs for the next few years.

01:00That's actually 143,000 metric tons.

01:03So they reconsidered 25,000 and we were just informed in April.

01:10They will export, then they will be allowed to import.

01:14So they export raw, they import refined.

01:16What they're asking for is an import replenishment.

01:20As of July, the formal order for export is expected to be issued.

01:25In addition, SRA and Agriculture Secretary Francisco Tio Laurel Jr.

01:31discussed the plan to import sugar.

01:34Tio Laurel Jr. first said that 200,000 metric tons of refined white sugar

01:41or puting asukal should be imported

01:44in order to fill the expected shortage

01:47in the low-supply period in August or September or before it arrives.

01:53As of now, the country's supply of sugar is at 800,000 metric tons

01:58while the monthly demand is at 242,000 metric tons.

02:03This means that the supply of sugar will only last for more than three months.

02:08Opening of milling is September 15.

02:11However, we have to remember that we need at least a two-month buffer stop

02:16all the time to keep the prices stable.

02:19One of our marching orders is to import if we need it and when we need it

02:25with a sufficient volume, not to affect our local farmers

02:30and to always ensure that our retail consumers have a stable supply.

02:35SRA insisted on increasing the production of sugar.

02:40This year, more than Php 120 million of start-up capital

02:45was distributed to cooperative sugarcane farmers

02:49who can use it to buy fertilizer, oil, and other agricultural needs.

02:55Php 66 million was distributed to those affected by El Niño

03:02who were given free irrigation, tractors, and other agricultural equipment.

03:08Kalei Zalpardilla for Pambansang TV in the new Philippines.