October 24, 2018
BusinessOnline (Reicelene Joy N. Ignacio) | https://goo.gl/k9VXGS
THE United States has allocated an initial volume of 142,160 metric tons raw value (MTRV) or 136,201 metric tons commercial weight (MTCW) of sugar for the Philippines as its quota for 2018-2019, according to Sugar Order No. 3 of the Sugar Regulatory Administration (SRA).
The quotas effectivity period is Oct. 1 to Sept. 30, 2019. The allocations will be awarded to sugar exporters on a first-come, first-served basis.
All “A” or US quota sugar quedan-permits validated and re-validated pursuant to Sugar Order No. 4, series 2014-2015 dated Oct. 10, 2014 (regular, swapped, verified, or reinstated) are eligible for verification, according to the order.
In case an exporter has sold its verified “A” quedan-permits to another party, the allocation of that exporter is deemed cancelled, and the “A” quedan-permits shall be again subject to verification by the SRA for allocation on a first-come, first-served basis.
The SRA said that it is necessary to ensure that the full quota is shipped to the US after the verification of “A” quedans is completed.