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(NAR) VOL. IV NO. 4 / OCTOBER-DECEMBER 1993

[ SRA SUGAR ORDER NO. 1, s. 1993-1994, August 25, 1993 ]

SUGAR POLICY FOR CY 1993-1994



WHEREAS, Executive Order No. 18, dated 28 May 1986, vests the Sugar Regulatory Administration with the power "to establish and maintain a balanced relationship between sugar production and the requirements of sugar and to maintain such marketing conditions as will ensure stabilized prices at a level reasonably profitable to the producers and fair to consumers";

WHEREAS, in order to promote the effective merchandising of sugar and its by-products in the domestic and foreign markets, it will be necessary to allocate the 1993-1994 sugar production to such quantities as to place those engaged in the sugar industry on a basis of economic viability;

NOW, THEREFORE, under and by virtue of the powers vested in the Sugar Regulatory Administration (SRA), it is hereby declared that:

SECTION 1.       Production and Classes of Sugar - Sugar production for the Crop Year 1993-1994 (September 1, 1993 to August 31, 1994) is estimated at 2,000,000 metric tons and shall be issued weekly quedan-permits by the mill companies, as implementors of this Sugar Order, in the following classifications and percentages:
"A" US Quota Sugar      5.00%
"B" Domestic Sugar      45.00%
"C" Reserve Sugar        25.00%
"D" World Market Sugar            25.00%
a.         As a general rule, sugar and molasses production for the crop year 1993-1994 shall be issued by mill companies weekly sugar quedan-permits/molasses storage certificates in the name of the individual planter or mill company.

b.         In the cases, however, where a planter has expressly authorized the mill company in writing or has executed a marketing agreement in favor of his association/cooperative which agreement provides for the consolidation of his weekly sugar/molasses production in the name of the association/cooperative, the mill company concerned shall issue consolidated weekly sugar quedan-permits/molasses storage certificates in the name of the association/cooperative with an attached listing of the planters and their corresponding production covered by said sugar quedan-permits/molasses storage certificates.

SECTION 2.       Periodic Assessments, Percentage Adjustment - The SRA shall undertake periodic assessments of the 1993-1994 sugar production and, on the basis of such assessments, it shall adjust from time to time the percentage distribution of the aforementioned classes of sugar.

SECTION 3.       Unshipped 1992-1993 "A" Sugar - Unshipped 1992-1993 "A" US Quota sugar is hereby granted priority in the filling of the 1993-1994 Sugar Quota.

SECTION 4.       Priority for Sugar Exporters - The SRA shall determine which Application for shipment of "A" US Quota Sugar submitted by sugar exporters shall be granted clearance for shipment of sugar during any period in accordance with the following: (a) priority under Section 4 of SRA Sugar Order No. 6 dated 23 June 1992, and (b) priority on a first-come, first- served basis, provided, however, that should there be more sugar at hand to fill the quota at any given period, any excess sugar over said quota shall be carried over to the next succeeding quarter, provided, furthermore, that should this situation occur in the last quarter, any excess sugar shall be prorated by the SRA and provided, finally, that the tonnage of a vessel shall be determined by the SRA.

SECTION 5.       Use of 1992-1993 Quedan-Permit Forms - Unused sugar quedan-permit forms of the Crop Year 1992-1993 duly validated by the SRA may be used for the CY 1993-1994 sugar production upon application.

SECTION 6.       Repealing Clause - All provisions of sugar orders, circular letters, rules and regulations inconsistent with or contrary to this Sugar Order are hereby amended, modified, or revoked accordingly.

Adopted: 25 Aug. 1993

(Sgd.) RODOLFO A. GAMBOA
Administrator
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