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Philippine government set to auction rights to import sugar

The Philippine government plans to auction on 20 April the rights for private firms to import 45,100 tonnes of sugar that was not bought at a previous sale, a government official said on Thursday, as the country plugs a crop shortfall.

The volume is the remainder of the 60,000 tonnes Manila auctioned on 23 February, when it only sold rights for 14,900 tonnes.

The Philippines needs the imports to meet increased demand and cover an expected fall in output as dry weather hits crops.
 

(Source: Manila Bulletin)