PHL gets US raw sugar quota despite 3-yr non-compliance

Quick Summary:

THE Philippines again secured a raw sugar quota for the fiscal year 2025 from Washington despite its failure to fill its allocation for more than three years.

However, this is provided that the participant remains to be an SRA-licensed international sugar trader in good standing at the time of availment of the privilege under SO 3.

The SRA said eligible participants under SO 3 who complied with the stipulated conditions along with the requirements of the memorandum circular (MC) issued pursuant to this order would be given priority in future sugar import programs.

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Article Details

Author / Journalist: Ada Pelonia

Category: BusinessStartups

Markets: PhilippinesBrazilChinaDominicaDominican RepublicFranceUnited States

Topics: Sugar Metric Allocation Exported Quota Export 2024 Allowed Year Tons Philippines

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-28 @ 16:19:00 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21810043

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Official Website: businessmirror.com.ph

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