According to the Philippine "Manila Times" reported on August 13, the Philippine Sugar Industry Regulatory Authority (SRA) announced the import of about 240,000 tons of refined sugar on the 8th to maintain the current retail price stability of refined sugar, so that consumers "benefit".

According to the Philippine Bureau of Statistics data, in the second quarter, the Philippine sugarcane production fell by 1.63 million tons, a drop of 42.3%. As of July 21, Philippine refined sugar stocks fell 18% year-on-year to 396,000 tons. Ascona, director general of the Philippine Sugar Regulatory Authority, said that the Philippines' current sugar stocks are enough to maintain until the arrival of new imports, and the Philippine sugar mill will open the 2024/25 crop sugar season on September 15, and will be fully operational in October, and the sugar refinery will be put into operation in December.