[ SRA SUGAR ORDER NO. 4-B, s. 2006-2007, January 09, 2007 ]
ALLOWING INDIVIDUAL QUEDANNING OF D SUGAR - AN AMENDMENT TO SUGAR ORDER NO. 4, SERIES OF 2006-2007 RE: CONVERSION OF C OR RESERVE SUGAR INTO D OR WORLD MARKET SUGAR AND THE REVISED SUGAR CLASSIFICATION AND PERCENTAGE ALLOCATION
WHEREAS, paragraph 2 of Section 2 of Sugar Order No. 4, Series of 2006-2007 dated 26 October 2006 orders mill companies to issue consolidated (block quedanning) D quedan-permits to planters (planters share) in the name of the planters association/ cooperative as assignee, attached thereto the list of planters by planters association/ cooperative and their corresponding volumes of D sugar .
WHEREAS, the policy of block quedanning of D sugar was formerly initiated to facilitate its shipment to the world market to stabilize the prices of B or Domestic sugar;
WHEREAS Section 3 of Sugar Order No. 4 has also made the D sugar available to the food processors of sugar-based products for export (after having it reclassified as E sugar per Sugar Order No. 4-A, Series 2006-2007) under the Customs Bonded Warehouse (CBW) chargeable to their 2007 import allocation thus, the individual planters may now easily negotiate their D sugar to local sugar traders;
WHEREAS the Sugar Regulatory Administration (SRA) has received requests for individual quedanning of D sugar;
WHEREAS to allow the individual quedanning of D sugar, Sugar Order No. 4, Series of 2006-2007 needs to be amended;
NOW, THEREFORE, under and by virtue of the authority vested in the Sugar Regulatory Administration (SRA), it is hereby ordered that:
SECTION 1. Section 2 of Sugar Order No. 4, Series 2006-2007 is hereby amended to read as follows:
SECTION 2. Provisions of Sugar Orders, Circular Letters and/or other regulations contrary to or inconsistent with this Sugar Order are hereby amended, modified, or revoked accordingly.
Adopted: 09 Jan. 2007*
* Date of adoption corrected per Memorandum Circular No. 1, s. 2007.
WHEREAS, the policy of block quedanning of D sugar was formerly initiated to facilitate its shipment to the world market to stabilize the prices of B or Domestic sugar;
WHEREAS Section 3 of Sugar Order No. 4 has also made the D sugar available to the food processors of sugar-based products for export (after having it reclassified as E sugar per Sugar Order No. 4-A, Series 2006-2007) under the Customs Bonded Warehouse (CBW) chargeable to their 2007 import allocation thus, the individual planters may now easily negotiate their D sugar to local sugar traders;
WHEREAS the Sugar Regulatory Administration (SRA) has received requests for individual quedanning of D sugar;
WHEREAS to allow the individual quedanning of D sugar, Sugar Order No. 4, Series of 2006-2007 needs to be amended;
NOW, THEREFORE, under and by virtue of the authority vested in the Sugar Regulatory Administration (SRA), it is hereby ordered that:
SECTION 1. Section 2 of Sugar Order No. 4, Series 2006-2007 is hereby amended to read as follows:
Section 2. Quedanning of the D World Market Sugar. The quedanning of the D or World Market sugar production starting 05 November 2006, shall be using the A or U.S. Quota sugar quedan-permit forms of CY 2006-2007 after the said A quedan-permits have been properly stamped as D and validated by the SRA Sugar Production and Regulation Officers (PCROs) assigned at the millsites.
Mill company(ies) shall, on a weekly basis, issue consolidated (block quedanning) D quedan-permits to planters (planters share) in the name of the planters association/cooperative as assignee, attached thereto the list of planters by planters association/cooperative and their corresponding volumes of D sugar.
For the non-affiliated planters, quedanning of the D sugar shall be joined with those of the mill or any planters association/cooperative of their choice, attached thereto the list of planters and their corresponding volumes of sugar.
Sugar planters may be independent , i.e. have their quedans issued individually, by informing the SRA in writing about it, copy furnished the mills.
SECTION 2. Provisions of Sugar Orders, Circular Letters and/or other regulations contrary to or inconsistent with this Sugar Order are hereby amended, modified, or revoked accordingly.
Adopted: 09 Jan. 2007*
By Authority of the Sugar Board:
(SGD.) JAMES C. LEDESMA
Administrator
(SGD.) JAMES C. LEDESMA
Administrator
* Date of adoption corrected per Memorandum Circular No. 1, s. 2007.