The list of agricultural commodities that the Philippines is importing in huge quantities has expanded, based on pronouncements made by officials in recent years. Know more:
The list of agricultural commodities that the Philippines is importing in huge quantities has expanded, based on pronouncements made by officials in recent years. Sugar, which used to be exported by the Philippines mostly to the United States, where it enjoys preferential tariffs, has joined the list of commodities that the Philippines purchases in bulk from abroad.
Apart from the fact that the country would have to stop supplying the US market and prioritize domestic needs, output has not been enough to meet the Philippines’s requirement for the sweetener. Aside from the 440,000 MT that the administration has allowed to import, it has also approved the purchase of up to 150,000 MT of imports. A report from state-run Philippine News Agency said the additional imports would prop up local stocks and stabilize domestic prices.
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