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Bacolod City, Philippines Wednesday, June 6, 2012
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SRA issues
guidelines for US quota

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



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