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(NAR) VOL. 21 NO.2 APRIL - JUNE 2010
[ SRA SUGAR ORDER NO. 1-C, April 16, 2010 ]
REVISED SUGAR POLICY ON THE PERCENTAGE ALLOCATION FOR CROP YEAR 2009-2010
WHEREAS, Section 2 (B) of Executive Order (EO) No. 18, Series of 1986, series of 1986, mandates the SRA to establish and maintain such balanced relation between production and requirement of sugar and such marketing conditions as will ensure stabilized prices at levels reasonably profitable to the producers and fair to consumers;
WHEREAS, Section 5 of Sugar Order No. 1, series of 2009-2010 provides that “The SRA shall undertake periodic assessment of the Crop Year 2009-2010 sugar production and on the basis of such assessment, it may adjust from time to time the percentage distribution of the different classes of sugar and/or take the necessary action to address the situation”;
WHEREAS, the total raw sugar production for Crop Year 2009-2010 is now estimated to be less than the original projection of 21.6 million MT last 28 August 2009;
WHEREAS, the U.S. Quota and the additional allocation for Crop Year 2009-2010 has already been filled-up and fully served at 147, 416.35 MT;
WHEREAS, market conditions today indicate that it will be disadvantageous to the producers to carry significant quantities of locked out “A” or Export Sugar (excess “A” or Export sugar produced after quota has been met) now that “A” Export sugar prices are unusually lower than “B” or Domestic sugar prices;
NOW, THEREFORE, under and by virtue of the authority vested in the Sugar Regulatory Administration (SRA), it is hereby ordered that;
SECTION 1. The classification and percentage allocation of sugar production in Section 1 of Sugar Order No. 1, as amended by Sugar Order Nos. 1-A and 1-B, series of 2009-2010 are hereby amended:
| “A” or U.S. Quota Sugar | - 0.00% |
| “B” or Domestic Sugar | - 100.00% |
| TOTAL | - 100.00% |
SECTION 2. This Order shall take effect starting production week-ending 25 April 2010.
SECTION 3. Other provisions of Sugar Order No. 1, series of 2009-2010 shall remain in full force and effect.
SECTION 4. Sugar Orders not contrary hereto shall remain in full force and effect while Sugar Orders, Circular Letters and such other issuances inconsistent or contrary hereto are hereby revoked, modified or amended accordingly.
(SGD.) BERNARDO C. TREBOL
Administrator