AMENDING SUGAR ORDER NO. 1-C, SERIES OF 2008-2009, TERMINATING THE “DR” SUGAR ALLOCATION AND, IN LIEU THEREOF, ALLOCATING 4.5% FOR “DX” OR WORLD EXPORT SUGAR

WHEREAS, Sugar Order No. 1-C, Series of 2008-2009 allocated four and a
half percent (4.5%) for “Dr” or World Market export reserve sugar;

WHEREAS, there was an ending balance of 652,943 MT of raw and refined
(in equivalent raw quantity) sugar at the closing of Crop Year
2007-2008;

WHEREAS, total raw sugar production for Crop Year 2008-2009 is now
estimated at 2.050 million MT, which brings the total volume available
in the country to about 2.703 million metric tons;

WHEREAS, projected consumption for the crop year is 2.0 million MT;

WHEREAS, the U.S. Quota for the current crop year will be fully served at 140,000 MT;

WHEREAS, the above supply and demand situation requires that more or
less 150,000 metric tons be shipped to the world market and/or used by
export food processors to reduce stock balance to around 400,000 MT at
the end of the current crop year;

NOW THEREFORE, under and by virtue of the authority vested in the
Sugar Regulatory Administration (SRA), it is hereby ordered that:

SECTION 1. The sugar allocation in Section 1 of Sugar Order No. 1, Series of 2008-2009 is amended as follows:

“A” or U.S. Quota Sugar	– 10.0%
“B” or Domestic Sugar	– 68.0%
“C” or Reserve Sugar	– 15.0%
“ Dx” or World Export Sugar	– 4.5%
“De” for Sugar-based Food Exporters	– 2.5%
	100%

SECTION 2. Quedanning of “Dx” sugar.

2.1 Quedan Form. The “A” sugar quedan-permit forms for
Crop Year 2008-2009 shall be used to cover production of “Dx” sugar
beginning week-ending March 8, 2009 and shall be issued after the said
“A” quedan-permits have been properly stamped as “Dx” or World Market
sugar and validated by the SRA Regulation Officers assigned at the
millsites.

2.2 Block Quedanning of “Dx” sugar. Mill companies shall,
on a weekly basis, issue consolidated (block quedanning) “Dx”
quedan-permits to planters (planters’ share) in the name of the
planters’ association/cooperative as assigned, attached thereto the list^* of planters by planters’ association/cooperative and their corresponding volumes of “Dx” sugar.

“Dx” sugar quedans of non-affiliated sugar planters shall be
consolidated for the association or cooperative they appoint. Such
appointment shall be in writing addressed to the mill. Should there be
no appointed association or cooperative, the “Dx” quedans shall be
consolidated with the mill with a corresponding list of the individual
volumes of “Dx” sugar for each planter.

Sugar planters who wish to be “independent” or whose intention is
to transact their “Dx” sugar individually shall inform the mill, copy
furnished the SRA. The mill shall automatically effect the request for
individual quedanning without need of prior approval from SRA.

Provision s of Sugar Orders No. 1, and 1-B and 1-C not contrary to
or inconsistent with this Sugar Order shall remain in effect.

SECTION 3. Reclassification (Conversion) of “Dr” sugar to “Dx” sugar. All existing “Dr” sugar are hereby reclassified (converted) to “Dx” or World Export Sugar effective immediately.

SECTION 4. Reclassification (Conversion) of “De” sugar to “Dx” sugar.
“De” sugar may be reclassified (converted) to “Dx” sugar, based on
existing rules and regulations of the SRA on reclassification
(conversion).

SECTION 5. Effectivity. This Order shall take effect starting production week-ending March 8, 2009.

SECTION 6. Sugar Orders not
contrary hereto shall remain in full force and effect while sugar
orders, circular letters and such other issuances inconsistent or
contrary hereto are hereby revoked, modified or amended accordingly.

Adopted: 05 March 2009

BY AUTHORITY OF THE SUGAR BOARD

(SGD.) RAFAEL L. COSCOLLUELA
Administrator

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^* Not Filed with ONAR.