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The Philippines approves exporting 100,000 MT of raw sugar to the U.S. to fix domestic oversupply and stabilize prices.
The Philippine government has approved exporting 100,000 metric tons of raw sugar to the U.S. under the tariff-rate quota system to address a domestic oversupply caused by a 130,000 MT increase in production.
The move aims to stabilize farmgate prices, which dropped to P2,174 per 50-kg bag by December 2025.
Exports, expected in August or September, are seen as a short-term fix amid rising stocks and weakening demand due to surging artificial sweetener imports.
The quota was reduced from 143,000 MT due to delays in formal participation.
The Sugar Regulatory Administration is implementing a voluntary purchase program to support exports, offering traders guaranteed quota shares in exchange for buying raw sugar at higher prices.
Officials warn long-term solutions are still needed as market instability persists.
Filipinas aprueba la exportación de 100.000 toneladas de azúcar en bruto a los EE.UU. para corregir el exceso de oferta interna y estabilizar los precios.