Sugar Regulatory Administrator Ma. Regina Bautista Martin yesterday said she has issued Sugar Order No. 11 for the verification of “A” US quota sugar and “D” world market sugar of the current and previous crop years.
“This sugar order is necessary for us to determine all remaining As and Ds in the market to assist us in filling up the last vessel for the US additional quota,” Martin said.
The United States allocated the Philippines an additional sugar quota share 73,373.653 metric tons, on top of its 138,000 MT share for the current crop year, which has already been shipped out.
The additional 73,373.653 MT must reach the US by the end of August, and only 10,000 MT more are needed to fill it, she said.
She said 25,000 MT is currently being loaded on to a ship at the BREDCO port in Bacolod City, at another 25,000 MT will be loaded on to another vessel next week.
The third shipment lacks 10,000 MT to complete the additional US sugar quota that is why she needed to issue Sugar Order No. 11, Martin said.
If the 10,000 MT needed is not filled, she may have to issue another order declaring the remaining "A" sugar as homeless, she added.
Sugar Order No. 11 sets the deadline for filing of the application of verification of the "A" and "D" sugar quedan-permits on or before July 3.
Application for verification should be filed with the SRA Regulation Department in Quezon City or Bacolod City.
Domestic sugar that is at about P1,650 per Lkg is higher that the US price for sugar, Martin also said.*CPG