Tag: sugar industry
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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 imposes molasses import moratorium through end-2025
What the moratorium covers and key dates The Sugar Regulatory Administration (SRA) announced a temporary halt on the importation of molasses until the end of 2025. This action comes after the Sugar Board issued Molasses Order No. 1 on September 30, directing the suspension while policy reviews are conducted to balance the interests of local…
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SRA Imposes Molasses Import Moratorium Through 2025
What prompted the moratorium The Sugar Regulatory Administration (SRA) announced a moratorium on the importation of molasses through the end of 2025. The move, formalized as Molasses Order No. 1 issued on September 30, aims to review policies governing molasses imports to balance the interests of local producers and users amid shifting market dynamics. The…