Sugar Regulatory Administrator Ma. Regina Bautista Martin has issued Sugar Order No. 10 Series of 2011-2012 setting the guidelines on filing the additional US sugar quota for the current crop year.
The United States allocated an additional volume of 75,540 metric tons raw value (MTRV) of raw cane sugar to the Philippines under the U.S. Sugar Quota Program , which has to arrive in the US on or before Oct. 1, 2012, Martin said in the sugar order.
“It is in the national interest of the Philippines to fill up and ship out the additional allocated volume under the US Quota Program as this will further solidify our country’s hold over the third largest share in the U.S. sugar quota and enhance our standing as a reliable source of exportable raw cane sugar,” the order said.
In the event that the volume of “A” sugar is not enough to fill the additional U.S. sugar allocation, an advance swapping of “D” to “A” may be implemented solely for the purpose of filing up the deficiency in the “A” sugar for the additional US Quota for 2011-2012, it added.
The deadline for submission of the application for export allocation and verification, and the undertaking to ship the “A” sugar is on June 8, Friday, it said.
The additional U.S. Sugar Quata allocation will be allocated to exporters on a first come-first served basis, the order said.*CPG