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(NAR) VOL. 21 NO.1/ JANUARY - MARCH 2010
[ SRA SUGAR ORDER NO. 1-B, S. 2009-2010, January 13, 2010 ]
AMENDING SUGAR ORDER NO. 1, SERIES OF 2009-2010, TERMINATING THE “C-1” SUGAR ALLOCATION AND ALLOCATING 6% FOR “A” OR U.S. MARKET SUGAR AND 94% FOR “B” OR DOMESTIC MARKET SUGAR
WHEREAS, Sugar Order No. 1-A, Series of 2009-2010 allocated four percent (4%) for “A” or U.S. Quota sugar, ninety percent (90%) for “B” or Domestic sugar and six percent (6%) for “C-1” or Strategic Reserve Sugar;
WHEREAS, sugar withdrawals as of weekending January 3, 2010 increased by 41% and 14% for raw and refined sugar, respectively, compared to the volume for the same period last crop year, in spite of the increase in milling output of 14% and 47% for raw and refined sugar, respectively, compared to the same period last year;
WHEREAS, stock inventory has decreased by 21% and 35% for raw and refined, respectively, compared to the same period last crop year;
WHEREAS, raw sugar production for Crop Year 2009-2010 is estimated at about 2.18 million metric tons, based on assessment last December, 2009;
WHEREAS, the U.S. Quota for the current crop year is expected to be fully served by February 2010, and there are indications that an increase in the quota could be announced by April 2010;
NOW THEREFORE, under and by virtue of the authority vested in the Sugar Regulatory Administration (SRA), it is hereby ordered that:
SECTION 1. The sugar allocation in Section 1 of Sugar Order No. 1, as amended by Sugar Order No. 1-A, Series of 2009-2010 is amended as follows:
SECTION 2. Effectivity. This Order shall take effect starting production weekending January 17, 2010.
SECTION 3. 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.
Adopted: 13 Jan. 2010
BY THE AUTHORITY OF THE SUGAR BOARD
(SGD.) RAFAEL L. COSCOLLUELA
Administrator
WHEREAS, sugar withdrawals as of weekending January 3, 2010 increased by 41% and 14% for raw and refined sugar, respectively, compared to the volume for the same period last crop year, in spite of the increase in milling output of 14% and 47% for raw and refined sugar, respectively, compared to the same period last year;
WHEREAS, stock inventory has decreased by 21% and 35% for raw and refined, respectively, compared to the same period last crop year;
WHEREAS, raw sugar production for Crop Year 2009-2010 is estimated at about 2.18 million metric tons, based on assessment last December, 2009;
WHEREAS, the U.S. Quota for the current crop year is expected to be fully served by February 2010, and there are indications that an increase in the quota could be announced by April 2010;
NOW THEREFORE, under and by virtue of the authority vested in the Sugar Regulatory Administration (SRA), it is hereby ordered that:
SECTION 1. The sugar allocation in Section 1 of Sugar Order No. 1, as amended by Sugar Order No. 1-A, Series of 2009-2010 is amended as follows:
“A” or U.S. Quota Sugar- 6.0%Provisions of Sugar Orders No. 1, and 1-A, S. 2009-2010, not contrary to or inconsistent with this Sugar Order shall remain in effect.
“B” or Domestic Sugar - 94.0%
“C-1” or Reserve Sugar - 0.0%
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100%
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SECTION 2. Effectivity. This Order shall take effect starting production weekending January 17, 2010.
SECTION 3. 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.
Adopted: 13 Jan. 2010
BY THE AUTHORITY OF THE SUGAR BOARD
(SGD.) RAFAEL L. COSCOLLUELA
Administrator