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On July 31, 2022, the Philippines produced 1,792,102 metric tons of raw sugar and 737,254 metric tons of refined sugar, marking decreases of 16.18% and 2.84%, respectively, compared to the previous year. The projected raw sugar production for the crop year 2021-2022 was 1.80 million metric tons, a 16% drop from the previous year’s 2,143,018 ...
2022–2023 Philippine sugar crisis. There has been a noted shortage of supply of sugar in the domestic market of the Philippines after a poor harvest of for the 2021–22 crop year. This led to the price increase of the commodity and there has been suspicions of traders taking advantage of the situation through hoarding and/or smuggling.
The Sugar Regulatory Administration (SRA; Filipino: Pangasiwaan sa Regulasyon ng Asukal; Hiligaynon: Administrasyon sa Regulasyon sang Kalamay) is a government-owned and controlled corporation attached to the Department of Agriculture of the Philippines who is responsible for promoting the growth and development of the sugar industry of the Philippines through greater participation of the ...
Agriculture in the Philippines is a major sector of the economy, ranking third among the sectors in 2022 behind only Services and Industry. Its outputs include staples like rice and corn, but also export crops such as coffee, cavendish banana, pineapple and pineapple products, coconut, sugar, and mango. [ 1 ]
Negros famine. The Negros famine took place on Negros island in the Philippines in the mid-1980s, during the waning days of the Marcos dictatorship. [1][2] It was a key moment in the history of sugar production in the Philippines, as well as the broader political history of the Philippines. Caused by the Marcos administration's efforts to ...
The Philippines once a net exporter became an importer of rice as a result of the wars with the Spanish and later the Americans and by the reallocation of labour to export crops. [27] The 1930s would mark the end to this period of relative prosperity. The Sugar Act of 1934 capped Philippines sugar exports to the US at 921,000 tons per year.
Victorias Milling Company (PSE: VMC) is a publicly-listed company in the Philippines that was established in 1919. It is largest producer of sugar in the country and one of the largest sugar millers and refineries in Asia. Its core business is the production of integrated raw and refined sugar and engaging in engineering services.
It is the biggest group of sugar planters and millers in the Philippines. [2] Bloomberg says the alliance "works to promote better relations between sugar planters and millers, addressing industry problems, and other issues concerning the sugar industry." [1] Its headquarters is located in Makati, Metro Manila, Philippines. [1]