SRA launches voluntary purchase program for sugar
The Sugar Regulatory Administration (SRA) has initiated a local sugar purchase program to stabilize sugar prices while managing local supply.
Via Sugar Order No. 2, the SRA announced the third voluntary purchase of locally produced local sugar in exchange for an allocation in future import or export programs.
The SRA launched the mechanism “to maintain a reasonable and stable price of sugar and regulate the supply of sugar available for domestic consumption,” the order read.
It is also to prepare for the “anticipated increase” in domestic sugar production in the next few months.
Under this scheme, eligible participants may purchase up to 300,000 metric tons (MT) of locally produced sugar for crop year 2025-2026.
It is composed of 225,000 MT of farmers’ share sugar and 75,000 MT of sugar millers’ share sugar.
In exchange, participating individuals or entities will be given priority in sugar importation programs in the future, subject to compliance with and completion of requirements.
The SRA said only sugar enrolled under SO No. 2 will be eligible for exports to the United States under the 2026 US Sugar Quota Allocation at a ratio of 3:1 (locally produced sugar purchased: locally produced sugar exported to the United States).
The program is open to farmers, farmer’s groups, farmer’s cooperative, farmer’s association, sugar millers/refiners, manufacturers, beverage makers and sugar traders. That is, as long as they are in good standing for the relevant crop year, has paid the necessary fees, submitted the reportorial requirements and allowed by law to engage in sugar trading.
