MANILA - (UPDATED 7:41 p.m.) The Aquino administration is looking at new markets for sugar and bananas to sustain the growth of agro-based exports, the National Economic and Development Authority (NEDA) said on Monday. “In addition to South Korea and India, Indonesia and the Middle East were also identified as potential markets for sugar,” said NEDA Deputy Director-General Emmanuel F. Esguerra. The Philippine International Trading Corp (PITC) and the Sugar Regulatory Administration (SRA) identified these potential markets. According to the Food and Agriculture Organization (FAO), the US, Russia, China, Korea, Indonesia, Malaysia, and India are among the major importers of raw (cane) sugar. For bananas, the Bureau of Plant Industry (BPI) said an initial shipment of 3,000 metric tons to the US is expected this month. FAO tags the US as one of the top 20 importers of bananas. interaksyon/business/59999/philippines-explores-new-markets-for-sugar-banana
Posted on: Wed, 19 Jun 2013 10:33:06 +0000
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