Philippines: Sugar Annual

FAS Manila forecasts marketing year (MY) 2025 raw sugar production of 1.85 million metric tons (MT). With high prices, more farmers have planted sugarcane, but some farms with no irrigation are suffering from the ongoing El Niño, which stunted sugarcane growth and could result in lower yields in MY 2025. Post sees no raw sugar importation and maintains MY 2025 exports at zero. Current sugar stocks are still high. Post expects the Philippines to fulfill its 2024 U.S. WTO tariff rate quota (TRQ) allocation of 25,300 metric tons raw value (MTRV). To date, however, no Sugar Order has been issued on sugar exports for this marketing year.