• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

Sugar production estimate revised upward to 2 MMT

by June 16, 2025
June 16, 2025

SUGAR OUTPUT may hit 2 million metric tons (MMT) this crop year, according to the Sugar Regulatory Administration (SRA).

The new projection far exceeds the initial forecast of 1.782 MMT and the interim estimate of 1.840 MMT, the SRA said in a statement.

If the latest forecast is borne out, sugar production would exceed the preceding crop year’s output of 1.92 MMT.

“We were very prudent in our projection because we just came out of a very long drought due to the El Niño and yet, our cane recovered nicely. We’ve had stable sugar prices through most of this season,” SRA Administrator Pablo Luisa S. Azcona said.

The SRA attributed the new projection to increased planting and the distribution of high-yielding varieties.

It also cited the decision to move the start of harvest from August to October, which left the cane more mature when processed.

The industry is currently dealing with an infestation of red-striped soft scale insects, which could reduce sugar content by nearly 50%.

The infestation affected 841 hectares or 465 farmers as of June 6, up from 546 hectares on June 2. — Kyle Aristophere T. Atienza

previous post
BIR collects P4 billion after crackdown on fake receipts
next post
Sari-sari store segment targeted for growth to P2.4 trillion by 2030

You may also like

WB sees reforms boosting PHL appeal to investors

June 17, 2025

España-Quezon Ave. busway under study

June 17, 2025

Nomura expects ‘Trump tariff’ on PHL goods staying...

June 17, 2025

Oil firms urged to ‘stagger’ price hikes

June 17, 2025

BCDA remits P3.13 billion in asset disposition proceeds

June 17, 2025

More beef imports expected from Brazil after FMD-free...

June 17, 2025

PHL wheat import forecast downgraded 3%

June 17, 2025

MRSP: PHL mechatronics industry trails behind Industry 4.0

June 17, 2025

Congress urged to digitalize birth, death registry

June 16, 2025

RR No. 15-2025: Tax implications of private retirement...

June 16, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • NEW: Poll Finds 60% of Americans, Majority of Republicans Oppose US Involvement in War with Iran

      June 17, 2025
    • Global Tensions EXPLODE! U.S. Air Force Sends Out NUCLEAR Emergency Codes! | Elijah Schaffer’s Stories Of The Day (VIDEO)

      June 17, 2025
    • Italian PM Giorgia Meloni’s Hilarious Eye-Roll Reaction at France’s Emmanuel Macron’s Whispers at the G7 Meeting Goes Viral (VIDEOS)

      June 17, 2025
    • Israel Ramps Up Targeted Attacks – Hackers Take Down Main Bank Serving Iranian Revolutionary Guard Corps, Money Is Drained from Machines

      June 17, 2025
    • NEW: NYC Mayoral Candidate Busted By ICE for Obstructing Their Enforcement Activities at Immigration Court Speaks Out Following His Release from Federal Custody (VIDEO)

      June 17, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick