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Manila Bulletin devider Philippines devider National devider Arrival period of sugar ordered overseas extended

Arrival period of sugar ordered overseas extended

Published Oct 22, 2022 03:27 pm

The Sugar Regulatory Administration (SRA) has extended the arrival period for sugar ordered overseas until the end of October.

DTI tracks prices and supply of BNPC, Sugar in Manila

The SRA's order amended the February Sugar Order that allowed the importation of 200,000 metric tons (MT) of sugar for the crop year 2021-2022.

“The deadline for application for SRA Clearance for release of imported sugar has been extended to Sept. 30, 2022 and the arrival date of any imported sugar for this program is also extended to Oct. 31, 2022,” read the order.

Industrial users will also be able to transfer and sell a portion or all of their anticipated sugar allocation to other industrial users or assignees, per the SO.

The SRA said it “received request to change the arrival date of any imported sugar for the above-said importation program due to vessel delays and lack of availability of container vans being experienced not just regionally but also globally.”

“he reason for the above request for the transfer of allocation to other allocates is that the imported sugar of some participating industrial users (proposed transferor) had already arrived though the supply will be needed at the later months, while there are industrial users (proposed transferee) who have already used up their allocation and are still in urgent need to augment their sugar supply,” it added.

The SRA noted that “as of Aug. 31, 2022 there are still 9,194.10 MT (183,882.00 Lkg-Bags) of refined sugar import allocation with no SRA Clearance applications, and a volume of 12,913 MT (258.260 LKg-Bags), under SO#3, CY 2021-2022, have not yet been reclassified from "C" Reserve Sugar to "B" Domestic Sugar.

The SRA categorizes and allocates sugar as "A" for quota in the United States, "B" for domestic consumption, "C" for reserve, and "D" for the global market.

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