On January 6, SRA signed Sugar Order No. 4 to order the so-called “‘A’ Sugar Export Replenishment Program,” which allowed those who exported sugar to US during the current crop year to import the corresponding volume of sugar that they exported at a ratio of 1:1. SO 4 was released to the public on late Wednesday.
SRA Board Member Beltran said before that there’s a need for the Philippines to set aside portion of the country’s sugar production to the US despite the tight supply because the country can’t afford to lose it as a market, especially when there’s going to be an excess.