Download - Sugar Situationer 1-22
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Sugar Industry Situationer
A presentation by AdministratorJames C. Ledesma
Sugar Regulatory Administration
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Highlights of Sugar Productionas of January 22, 2006
(3.58)1,006,835969,871Prod - Raw
(8.58)424,043387,655W/drawals
0.57351,105353,118Prod-Refined
1.84611,811623,075W/drawals
% Inc/DecCY 2004-05CY 2005-06
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Stock Balance Positionas of January 22, 2006
605,212
103,733
501,479
Metric tons
12,104,240Total
2,074,660Refined Sugar
10,029,580Raw Sugar
50 Kg Bags
* Average Raw Monthly Consumption: 160,000 mt
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Production and Withdrawal for
Week Ending January 22, 2006
22,197 mtRefined Withdrawals
32,447 mtRefined Production
47,997 mtWithdrawals
93,114 mtRaw Production
*Production almost double consumption at this time.
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World Market Prices of Sugar
Spot Market in US cent/lb. for Raw and US $/metric tons for Refined
428.0017.80January 26
428.10*18.17*January 31
385.0016.26January 20379.7015.58January 19
359.0014.77January 12
RefinedRaw
*Estimated Landed Cost per kg. P24.60 raw and P28.70 refined
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Graph of World Market Prices of Sugar(US $/Metric Tons)
300
350
400
450
1/12/06
1/1
4/06
1/16/06
1/18/06
1/20/06
1/22/06
1/2
4/06
1/26/06
Raw Sugar
Refined Sugar
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Refined Sugar Supply/Demand
ProjectionStarting Inventory 2,872,429
Add: Projected Production 22,179,611
25,052,040Less: Projected Withdrawal 22,686,757
Ending Balance 2,365,283 bagsor
118,264 MT
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Import/Export Counter Trade
Program Export 50,000 mt additional US quota.
Import 50,000 mt refined sugar through the
Philippine International Trading Corporation(PITC) as replenishment at 1:1 ratio.
Imports must be granted Duty Free privilege.
Program has been endorsed by the Sugar
Industry Stakeholders.
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Parallel Response Program
Proposal SRA to classify B2 sugar at 0.5% of production
every week from hereon only for NFAprocurement. This will be around 100,000 bags.
NFA to buy B2 sugar at a fixed price ofP950/bag (current levels now aboveP1,200/bag).
NFA to refine said sugar and sell through itsoutlets/rolling stores at a target price of belowP30.00/kg.
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THANK YOU
AND HAVE A SWEET DAY!