Quantcast

PH seeking new export markets for sugar, bananas

By |



Cavendish bananas from Mindanao. INQUIRER FILE PHOTO

MANILA, Philippines—The Philippines is seeking new markets for sugar and bananas to boost agro-based exports, the National Economic and Development Authority (Neda) said.

“In addition to South Korea and India, Indonesia and the Middle East were also identified as potential markets for Philippine sugar,” Neda Deputy Director General Emmanuel F. Esguerra said in a statement.

Philippine International Trading Corp. (PITC) and the Sugar Regulatory Administration identified the new markets. PITC is coordinating with the buyers in these countries on their specific requirements, the Neda said.

The United States, Russia, China, Korea, Indonesia, Malaysia and India are among the major importers of raw cane sugar, according to Food and Agriculture Organization (FAO) statistics.

On banana exports, the Department of Agriculture’s Bureau of Plant Industry is targeting an initial shipment of 3,000 metric tons to the United States this month, Neda said. The United States is one of the world’s top 20 importers of bananas, according to FAO data.

“This is also in line with the US Department of Agriculture’s announcement that allows Philippine highland cavendish bananas to be shipped to the US,” said Esguerra.

Recently, the National Statistics Office reported that exports of centrifugal and refined sugar and bananas grew by 27,094.6 percent and 95.5 percent year on year in February 2013, respectively. This resulted in a 43.7-percent rise in the country’s agro-based exports to $343.9 million in February 2013.

Esguerra said the Philippines must speed up the implementation of necessary programs and policies to improve the competitiveness of the country’s exports. Doing so will enable the country to take advantage of increasing regional and global integration, Neda said.

“No doubt the exporters have been affected negatively by the strong peso. This can be offset by the positive impact resulting from better infrastructure, efficient logistics, lower power costs and other measures to reduce the cost of doing business,” said Esguerra.


Follow Us






Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

  • go88

    Banana and Sugar Plantations where miserable contractuals sweat, Casinos … all this owned by the oligarchy … those are clear signs of a BANANA REPUBLIC. Is that all Abnoy can offer to the (real) Filipinos?

  • 1voxPopuli

    im proud of our agri foods, here abroad sikat ang DOLE products from bananas, pineapple and papaya. once a year they also sell philippine mango which is 3x more expensive. pero it doesnt make it to the shelves – kasi sa crates pa lang nagkaka-agawan na.

  • koolkid_inthehouse

    That’s it. Look for other market and sell. Don’t just sit on your molasses donkeyholes.

  • Pinaslover

    sana mag export rin tayo ng clothes at toys kasi puro china nasa market ..dito middle east puro made in china..buti pa ang Malaysia may hot wheels pati school supplies, shoes halos lahat made in CHina kaya di nakakapagtaka na yumaman sila.

  • Ako_Hiking

    Agriculture farmers and fisherfolk are and should be the backbone of the Philippines. It would be great for the Palace to fully support the production and improvement in the Philippine Agriculture sector.

  • parefrank

    And how about local customers? They have to buy bananas which are ripened with poisonous chemicals and which rotten to pig-food within 3 days. But the price is super expensive.
    And local sugar? Nowhere in the world anybody would buy, or even declare “for human use” some of the local, esp. brown sugar. It is less sweetening but has a bad taste and it contains a lot of humidity to make it heavy for profit.
    China sells its better products at home and exports its trash quality, RP is quite contrary,.

    • Pinaslover

      Sir sa probinsya patok pa rin ang brown sugar ..yan madalas gamitin sa kape :)

  • tarikan

    “…must speed up the implementation of necessary programs and policies to improve the competitiveness of the country’s exports…”. Our govt. officials say. Lip service, lip service. If lip service is a commodity we have lots of them for export.

  • AntiAko

    Improving competitiveness means mechanizing the planting of sugar cane. Kelan pa kaya mangyayari yan?

    • koolkid_inthehouse

      Government should allocate R&D fund to Universities and private sectors. Tax incentives.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement
Marketplace