MANILA — The Philippine Sugar Millers’ Association (PSMA) sees no need to bring in imported sugar at this time, citing the surplus in domestic production.

“The country has an abundant supply of sugar this year. Our increased production has filled our warehouses, so there is no need to import at this time,” PSMA executive director Jesus Barrera said in a statement on Tuesday.

“Even with sugar milling already closed for the season, we are confident that our current sugar inventories will last beyond the start of the next crop year, which is estimated to be on [Oct. 1], 2024,” he added.