By Dominique Gabriel G. Bañaga

The Sugar Regulatory Administration (SRA) anticipates a slight decline in local sugar production as the milling season begins this month.

According to the SRA, they forecast a decrease of more than 10 to 15 percent in sugar production.

The produce will be considered as “B” sugar intended for local consumption.

The reduction in sugar production depends on the severity of the anticipated El Niño phenomenon.

Based on Sugar Order No.1 signed by SRA Administrator Pablo Luis Azcona, the production of sugar for this crop year is expected to be at 1.85 million metric tons.

Azcona said the SRA should undertake periodic assessment for Crop Year 2023-2024 sugar production and withdrawal trends.

On the basis of such assessment, the SRA may, from time to time, adjust the percentage allocation and distribution to other classes of sugar in accordance with its power and function and to establish domestic, export and reserve allocation.

The produce will be placed under quedan, a type of commodity warrant, to ensure that it will be used in the local market.

The SRA will also conduct periodic monitoring and withdrawal of sugar supplies from warehouses./DGB, WDJ