Section 1
SECTION 1. Section 6 of P.D. 1971 as amended by Sec. of P.D. 1984 is hereby further amended to read as follows: "SEC. 6. In furtherance of the purposes and objectives of this Decree, the Commission shall cause the phasing out of the National Sugar Trading Corporation (NASUTRA) as soon as it completes the export shipments of 1984-85 sugar but not later than January 31, 1986. Further, the Commission shall cause the organization of a private corporation to be, caused by the Philippine Sugar Marketing Corporation (PHILSUMA) as soon as possible but not later than December 31, 1985. Starting with the 1985-86 sugar crop, PHILSUMA will be the sole marketing agency, for sugar exports and will, in addition, engage in domestic trading sugar on a non-exclusive basis. PHILSUMA will be offered for subscription to sugar producers (Planters and Millers) in proportion to their actual production.''