date:Oct 12, 2012
id the request follows a considerable decline in local sugar prices to 1,420 Philippine pesos ($34) per 50-kilogram bag compared with PHP1,600/bag two weeks ago.
The Philippines has a sugar export allocation of 138,000 metric tons from the U.S. for next year. This year, exports to the U.S. totaled 211,000 tons following an additional allocation from Washington.
Shipments to the U.S. usually start in January.
The country is also looking to export an additional 150,000 tons to markets such as J