Philippine raw sugar export is projected to drop by 46 percent to 295,000 metric tons (MT) for crop year 2012-2013 due to lower beginning stocks, according to a recent report by the United States Department of Agriculture (USDA). "Due to significantly lower beginning stocks, [Manila] forecasts total raw sugar exports for crop year 2012-2013 at 295,000 MT, down from crop year 2011-2012 when ample beginning stocks and strong demand resulted in unusually strong exports of 545,000 MT," said the report issued by the agency's Global Agricultural Information Network (GAIN). ...
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