Sugar Planters have more reasons to smile these days after the United States Department of Agriculture (USDA) increased its sugar export quota allocation for the Philippines from the previous crop year’s 137,353 MT to 151,667 MT beginning Oct. 1, 2005. This represents a 10 percent increase from last year’s quota that the Philippines was able to fill up according to the Department of Agriculture.
The Philippines is the third largest export quota holder of sugar in the United States and gets a 13.5 percent of its total quota allocation. The DA said the Philippines has been exporting sugar to the United States under a program in which it buys the sweetener from developing countries at a price much higher than those in the world market.
The DA said, “the increase in the US quota prompted the Sugar Regulatory Administration (SRA) to increase the sugar allocation for “A” US export sugar from last crop year’s 4 percent to 7 percent for CY 2005-2006. This is expected to benefit all sugar producers, particularly the small planters as the “A” sugar commands a premium price over the other sugar classifications.”
The SRA expects that this year’s crop will be around 2,018,000 MT and sees a balance of supply with domestic demand, and with no surplus to dispose, farm gate prices should be at level which would be profitable to farmers. By 2007, the SRA expects the next production upswing and any production excess should be available for ethanol, a co-product of sugarcane. This, SRA said should ensure the stability and sustainability of the industry.
It will be recalled that a consultative committee on the ethanol program was formed by the sugar industry to look into the production and utilization of ethanol from sugarcane as an alternative fuel headed by SRA administrator James Ledesma. A technical working group is studying the possibility of sourcing ethanol from sugarcane to be used as fuel blend to protect the environment against pollution in compliance with the Clean Air Act mandating reduction of green house gas emissions in the country. This will also help attain energy security and displace imported petroleum to save on foreign exchange. (PIA6) mailto:madyaas_pen@yahoo.com
The Philippines is the third largest export quota holder of sugar in the United States and gets a 13.5 percent of its total quota allocation. The DA said the Philippines has been exporting sugar to the United States under a program in which it buys the sweetener from developing countries at a price much higher than those in the world market.
The DA said, “the increase in the US quota prompted the Sugar Regulatory Administration (SRA) to increase the sugar allocation for “A” US export sugar from last crop year’s 4 percent to 7 percent for CY 2005-2006. This is expected to benefit all sugar producers, particularly the small planters as the “A” sugar commands a premium price over the other sugar classifications.”
The SRA expects that this year’s crop will be around 2,018,000 MT and sees a balance of supply with domestic demand, and with no surplus to dispose, farm gate prices should be at level which would be profitable to farmers. By 2007, the SRA expects the next production upswing and any production excess should be available for ethanol, a co-product of sugarcane. This, SRA said should ensure the stability and sustainability of the industry.
It will be recalled that a consultative committee on the ethanol program was formed by the sugar industry to look into the production and utilization of ethanol from sugarcane as an alternative fuel headed by SRA administrator James Ledesma. A technical working group is studying the possibility of sourcing ethanol from sugarcane to be used as fuel blend to protect the environment against pollution in compliance with the Clean Air Act mandating reduction of green house gas emissions in the country. This will also help attain energy security and displace imported petroleum to save on foreign exchange. (PIA6) mailto:madyaas_pen@yahoo.com
1 comment:
Stunning post! Thanks for sharing with us.
sugar export countries
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