An official statement on the planned importation, he said, could be released on Monday, . Domestic raw sugar production ends in August.
The reduced output prompted the Sugar Regulatory Administration (SRA) to cut exports to the world market and allocate more for domestic consumption.
In June, the SRA allowed the importation of 200,000 MT of sugar to arrest a surge in domestic prices.
Prior to this, the Philippines imported 100,000 MT of sugar