Tag: import policy
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SRA Halts Molasses Imports to Stabilize Philippine Prices
Background: Why the import ban was issued The Sugar Regulatory Administration (SRA) has announced a temporary moratorium on molasses imports under MO No. 1, effective immediately and lasting through December 31, as it conducts a policy review aimed at aligning local production with user needs and market realities. As of August 31, imports for the…
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SRA Extends Molasses Import Moratorium Through 2025
What the moratorium does The Sugar Regulatory Administration (SRA) announced a moratorium on the importation of molasses through the end of 2025. The move, enacted after the Sugar Board issued Molasses Order No. 1 on September 30, aims to balance the interests of local sugarcane byproducts producers and molasses users while policy reviews are conducted.…