2022 September

President Ferdinand Marcos Jr. signed Sugar Order No. 1 classifies all locally produced sugar for the crop year 2022-2023 as “B” sugar, or for the domestic sugar market. This implies that no sugar produced domestically has been set aside for export to the United States.

According to Department of Energy (DOE) Secretary Raphael Lotilla, the Philippines have sufficient power supply until Dec-22, but the outlook for next year needs to be reviewed amid volatility in fuel prices. Aside from fuel prices, DOE emphasized issues on generation, transmission, and distribution which cause power outages in the country.

According to the Department of Trade and Industry (DTI), sugar retail prices are still selling at a high of P100-105/kg in the markets. This is despite the three big supermarket chains, SM, Robinson, and Puregold, now selling white refined sugar at P70/kg. In a separate statement, American Chamber of Commerce of the Philippines Executive Director Ebb Hinchliffe is urging the government to import more sugar to address the supply deficit of around 600,000 metric tons (MT).

According to the Department of Trade and Industry (DTI), sugar retail prices are still selling at a high of P100-105/kg in the markets. This is despite the three big supermarket chains, SM, Robinson, and Puregold, now selling white refined sugar at P70/kg. In a separate statement, American Chamber of Commerce of the Philippines Executive Director Ebb Hinchliffe is urging the government to import more sugar to address the supply deficit of around 600,000 metric tons (MT).