SRA CIRCULAR LETTER NO. 42, April 25, 1990
EXPORT MARKET DEVELOPMENT FUND
continued and pursued with greater vigor to insure profitability of the
sugar industry;
NOW, THEREFORE, by virtue of the authority vested in the Sugar Regulatory Administration, it is hereby ordered that:
SECTION 1. The mill company concerned is
hereby authorized to impose and collect a lien of P0.50 per picul of
sugar produced by planters and millers from April 1, 1990 as Export
Market Development Fund (EMDF) to be remitted to the National Council of
Sugar Producers (NCSP), c/o Philippine Sugar Association as Trustee,
the liens and collection thereof to continue indefinitely until
otherwise revoked.SECTION 2. All provisions of Sugar Orders, Circular
Letters, rules and regulations inconsistent with or contrary to this
Order are hereby modified, amended or revoked accordingly.
Adopted: 25 April 1990
(SGD.) ARSENIO B. YULO, JR.
Chairman/Administrator