The food and beverage company Universal Robina Corp. (URC) said on 12th March that its sugar and renewables subsidiary SONEDCO has inaugurated a new sugar mill in Kabankalan City, in Negros Occidental, according to local press reports.
Philippines – Deregulation of sugar imports likely within a year [Full subscriber]
The government is seeking to liberalize the importation of sugar to push down the price of the commodity the country’s Budget Secretary, Benjamin Diokno announced recently, according to local press reports.
Philippines – President Duterte abolishes the Philippine Sugar Corporation [Full subscriber]
President Rodrigo Duterte ordered on October 25, the abolition of the Philippine Sugar Corporation (Philsucor), due to its overlapping functions with other entities, according to Reuters.
Philippines – Further sugar imports of 150,000 tonnes adds to 200,000 t in June [Full subscriber]
The Philippines Sugar Regulatory Administration (SRA) recently ordered imports of 150,000 tonnes of sugar. This is in addition to importing 200,000 tonnes of the sweetener in June, according to press reports.
Philippines – Smallholders cane productivity increased to 100 t/ha by BPI-WWF initiative [Full subscriber]
The BPI Foundation and the World Wide Fund for Nature (WWF) Philippines said that its PHP10-million (US$185,378) partnership has helped boost smallholders cane productivity in Negros Occidental from the previous 40 to 60 tonnes average per hectare to current 80 to 100 tonnes/hectare
Philippines – Seasonal manual workers in cane farms seek gov’t help to tie them over the off-crop season [Full subscriber]
A progressive workers group in Negros Occidental is asking the government to institutionalize mechanisms that will help sugar farm workers cope with the difficulties of “tiempo muerto”, or three-months over which they are idle and have no gainful employment in the sector, according to local press reports.
Philippines – Universal Robina Corp to acquire Roxas Holdings’ sugar mill [Full subscriber]
Roxas Holdings Inc. (RHI), which is majority-owned by the First Pacific Group of Hong Kong, is selling its sugar milling and refining operations in Nasugbu, Batangas province to Universal Robina Corp (URC), according to local press reports.
Philippines – 9 sugar mills finish 2017/18 campaign earlier as cane supply dries up [Full subscriber]
Nine sugar mills have ended their 2017/18 campaign earlier than usual this crop year due to the 15% drop in cane production, according to local press reports.
Philippines to import 200,000 tonnes of sugar as local output drops [Full subscriber]
The Philippines government has allowed traders to import 200,000 tonnes of sugar to stabilize the supply and price of the sweetener in the domestic market, according to local press reports.
Philippines – Lack of farm labour contributes to drop in 2017/18 sugar output by 16% [Full subscriber]
2017/18 sugar output in the Philippines may decline by 16% to sink to a 7-year low of 2.1 million tonnes due to lack of sugarcane cutters and reduced yield, according to the Philippine Sugar Millers Association (PSMA).
Monthly Snapshot
Market overview The perception in the market that swing in fundamentals is on the cards probably explains the gain in raw sugar prices by 4% to 13.09 cents/lb on 15th […]
Read more …Join us on LinkedIn
