The Philippines usually produces around 2.2m tonnes of sugar each year from around 24m tonnes of cane.
However, the Philippines consumes around 2.5m tonnes of sugar each year and is the fourth largest consumer in Asia.
This means the Philippines no longer makes enough sugar to meet its domestic needs.
As a result, the Philippines regularly imports sugar, mostly from fellow ASEAN member Thailand.
The Philippines also exports sugar to the USA under the American raw sugar quota.
For more information on the Philippines’ sugar market, please subscribe to Czapp Premium.
This Czapp Explainer was Published on the 16th April 2021.
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