Connect with us

Hi, what are you looking for?


Arrival window for imported sugar extended to Oct. 31


THE Sugar Regulatory Administration (SRA) said the arrival period for sugar ordered overseas to supplement domestic supply has been extended to the end of October due to shipping delays.

Sugar Order (SO) No. 3 series of 2022-2023 issued by the SRA on Oct. 19 extended the arrival deadline for the 200,000 metric tons (MT) of foreign sugar authorized for import to Oct. 31.

“The deadline for application for SRA Clearance for release of imported sugar has been extended to Sept. 30, 2022 and the arrival date of any imported sugar for this program is also extended to Oct. 31, 2022,” according to the order.  

“The SRA received request(s) to change the arrival date of any imported sugar for the above-said importation program due to vessel delays and lack of availability of container vans being experienced not just regionally but also globally,” it added.

In February, the SRA issued SO No. 3 series of 2021-2022 allowing imports of 200,000 MT of sugar for crop year 2021-2022. Industrial users will also be allowed to transfer and sell part or all of their imported sugar allocation to other industrial users or assignees.

According to the SRA, import allocations for 9,194 MT of refined sugar have yet to apply for SRA clearance.

The industrial users inquiring about transferring their supply told the SRA that their shipments have arrived but are not immediately needed.

Meanwhile, “there are industrial users who… are still in urgent need to augment their sugar supply,” it added.

Asked to comment, United Sugar Producers Federation President Manuel R. Lamata said in a Viber message that the new order will benefit consumers and the industry.

The transfers “will bring down the very high retail prices. The industrials have agreed to this scheme to help the government and consumers. (SO No. 3) will not affect us farmers,” Mr. Lamata said.  

The Department of Agriculture (DA) estimates the price of refined sugar as of Oct. 20 at P100 per kilogram (/kg).

The DA has said it will sell refined sugar at P70/kg in Kadiwa outlets and SRA offices in Quezon City and Bacolod City. — Revin Mikhael D. Ochave 

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



BW FILE PHOTO LOCAL equities are expected to decline in December as investors are seen to pocket their gains from the market’s recent rally...

Editor’s Pick

Two new surveys have recorded sharp falls in business confidence as the uncertain economic outlook causes companies to become more pessimistic. The latest Lloyds...

Editor’s Pick

A small number of London-based derivatives traders at Goldman Sachs are to move to Milan in a further sign of the steady trickle of...

Editor’s Pick

EasyJet is to increase fares by more than 20 per cent and even higher at peak Christmas holiday times as the airline attempts to...

Editor’s Pick

The struggling discount chain Wilko has warned it could run out of money if it is unable to secure additional financing by the end...

Editor’s Pick

HSBC has announced that it will close 114 branches across the UK from next April as it blames the pandemic for a decline in...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.