Those who are granted allocations under the import program are required to bring in their volumes not later than September 15, or two weeks after the start of the Crop year 2023-2024. The SRA Board will approve the volume allocated to an eligible importer. The latest sugar import program is open to duly registered SRA international traders “in good standing” and participants that will comply with the documentary requirements of the government. “Despite the release of Sugar Order 06 import program Series of 2022-2023, the further reduction of sugar production volume for Crop Year 2022-2023 is forecasted due to early start and early end of milling, and in anticipation the possible shortfall of supply and to bridge the gap between the supply and the demand, the SRA finds it imperative to open a second import program to address the demand for CY 2022-202,” SO 7 read. Part the volume would also serve as sugar buffer stock.ĭepartment of Agriculture and SRA officials led by Marcos noted that production losses due to the early start of milling in August 2022, unfavorable weather conditions and the anticipated increase in demand for sugar due to the easing of restrictions necessitated the issuance of SO 6 last February. and was released by the SRA last Friday, authorized the third sugar import program for crop year 2022-2023 to ensure sufficient sugar for domestic consumption. SO 7, which was approved by President Ferdinand R. “The SRA shall collect a fee of Thirty Three Pesos per 50-kilo bag of imported refined sugar as SRA Clearance Fee,” SO 7 read.īased on BusinessMirror’s calculation, the latest sugar import program would yield as much as P99 million in clearance fee.Īlso, SO 7 indicated that every allocation of imported refined sugar will be subject to a bond of P750.00 per 50-kg bag. SO 7 authorized the importation of 150,000 metric tons (MT) of refined sugar. The collection of P30 for every 50-kg bag of sugar was indicated in Sugar Order (SO) 7 issued by the government last week. The Sugar Regulatory Administration (SRA) will collect a fee for every 50-kilogram bag of imported refined sugar that will be brought into the Philippines.
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