SRA okays 4,900 tons of sugar imports
The Sugar Regulatory Administration has authorized the importation of 4,900 metric tons of sugar by 20 food manufacturers.
The SRA issued Circular Letter No. 19 dated March 8, 2016 that authorizes the importation and was signed by SRA administrator Ma. Regina Bautista-Martin.
Although Philippine sugar production this year is expected to be cut in half because of the El Nino phenomenon, the sugar imports approved by the SRA are strictly for use as raw material in the manufacture of food products and should not be sold in the domestic market.
Del Monte Philippines Inc. will be importing the most at a total of 1,200 metric tons which it will be bringing in to Cagayan de Oro. The sugar will be coming in from Thailand. The sugar cost Del Monte Philippines $487.5 for 600 metric tons and $478.5 for another 600 metric tons.
Del Monte Philippines, a subsidiary of Del Monte Pacific Ltd., has the biggest pineapple processing plant in the world and it also has its own port.
Dole Philippines Inc. has the second biggest import at 750 metric tons which it bought for $389.90 per metric ton from Thailand. Its sugar will be shipped to General Santos City.
Sucere Foods Corp. will be shipping in a total of 600 metric tons of sugar which it bought for $457 per metric ton. The sugar was bought from Malaysia and will be shipped to Manila.
The other companies authorized to bring in sugar are: Four Seasons Fruits Corp., 250 metric tons at $408 per ton; DLA Naturals Inc., 125 metric tons that it bought for $468 per ton; Gem Foods International Inc., 150 metric tons at $478 per ton and 75 metric tons at $470 a ton; Tropical Synergy Int’l, 200 metric tons at $466 per ton; KLT Fruits Inc., 100 metric tons at $465 a ton; Cenmaco Inc., 50 metric tons at $455 a ton; Miesto International Foods Corp., 250 metric tons at $443 a ton; GSL Premium Food Export Corp., 200 metric tons at $478 a ton; CPW Phils Inc.; 125 metric tons at $444.26 a ton; Prime Fruits Int’l Inc., 125 metric tons at $465 a ton; Riverdale Confectionery Ind. Inc., 100 metric tons at $44 a ton; See’s Int’l Food Mfg. Corp; 50 tons at $470 a ton and another 50 tons at $87 a ton; Markenburg Int’l Food Corp., 50 tons at $464 a ton; Miesto International Foods Corp., 250 tons at $443.50 a ton; Pixcel Transglobal Foods Inc., 125 metric tons at $467; and Greenville Agro Corp., 75 metric tons at $467 a ton. (Eileen A. Mencias)