Deferment of Imported Sugar Arrival

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SRA SUGAR ORDER NO. 5: Deferment of Imported Sugar Arrival

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Title Supreme Court: Deferment of Imported Sugar Arrival

Law: Sra Sugar Order No. 5

Decision Date: Nov 4, 1996

The Sugar Regulatory Administration (SRA) orders the deferment of 37,037 metric tons of imported raw sugar under the Countertrade Sugar Swap Program to stabilize local sugar prices and protect the interests of producers and consumers.

countertrade program

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Purpose of Deferring Arrival of Imported Sugar

The deferment aims to stabilize and potentially increase the sugar price to a profitable level for producers.
It also seeks to maintain sugar prices at reasonable levels for consumers.

Authority and Scope of Deferment

The Sugar Regulatory Administration (SRA) exercises its authority to order the deferment.
The deferment affects the importation of sugar under the Countertrade Sugar Swap Program (CSSP).
Specifically, approximately 37,037 metric tons of raw sugar importation under CSSP is deferred.

Responsibilities of the Philippine International Trading Corporation (PITC)

PITC is the government agency tasked with importing sugar under the CSSP.
PITC must defer the arrival of the specified quantity of raw sugar until May or June 1987 as directed by the SRA.

Role of the Sugar Regulatory Administration (SRA) in Resumption

SRA is responsible for advising PITC when to resume sugar importations under the CSSP.

Immediate Effectivity of the Order

The order takes effect immediately upon issuance to promptly address the oversupply issue.

Superseding Provisions

Any existing Sugar Orders, Circular Letters, or other related regulations inconsistent with this order are amended, modified, or revoked to the extent of inconsistency.

END