Tag: sugar industry
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Philippines Extends Molasses Import Ban to March 2026
Policy Extension Aims to Stabilize Millsite Prices The Philippines has decided to extend the temporary ban on molasses importation through March 2026 as part of a broader effort to halt a sharp decline in millsite prices. The move, announced by the Sugar Regulatory Administration (SRA), is designed to give local sugar producers more room to…
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Philippines Extends Molasses Import Ban Through March 2026 to Stabilize Millsite Prices
Overview: A Prolonged Ban to Stabilize Prices The Philippines has extended its temporary ban on molasses imports until March 2026, as the Sugar Regulatory Administration (SRA) rushes to address a sharp decline in millsite sugar prices. This move aims to protect domestic sugar producers and help stabilize the market in the face of excess supply…
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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…