The Philippines is implementing a temporary ban on molasses importation to protect the local industry from a surge in imports and the sharp decline in millsite prices, according to the Sugar Regulatory Administration (SRA).
Under Molasses Order (MO) No. 1, the SRA said it is suspending imports of molasses to provide the government time to review policies and find a balance that is seen as beneficial to both producers and users.
The SRA reported that molasses imports for the crop year 2024-2025 stood at 853,285 metric to
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