Local producers plan to resume exporting raw sugar to the US under the country-specific tariff-rate quotas (TRQ), the Sugar Regulatory
SRA administrator and chief executive Pablo Luis Azcona said several stakeholders broached the idea to resume the quota commitment to the US on concerns the Philippines might lose its yearly allocation.
TRQs allow countries to export specified quantities of a product to the United States at a relatively low tariff. “So I told these people who brought up the idea to come up with a very good proposal, and if we are to export, it should not affect the farmgate price,” he said. The SRA plans to issue another order for the importation of purely retail sugar to beef up domestic supply. The importation, Azcona said, would help stabilize local prices at about P85 per kilogram.
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