Sugar Act, 1978 (Act No. 9 of 1978)Sugar Industry Agreement, 2000Chapter 6 : Determination and Distribution of Proceeds and Cane Prices166 - 168. Allocation of Share of Net Divisible Proceeds to Growing |
| 166. | For the purpose of determining the price per ton of recoverable value of cane payable by mills to growers in each year there shall be allocated to growing a share being a percentage of the net divisible proceeds, which percentage shall, subject to clause 169, be— |
62,7327% in the 2000/2001 year,
62,8593% in the 2001/2002 year,
62,9852% in the 2002/2003 year and
63,0316% in the 2003/2004 year and thereafter.
| 167. | The percentage of the net divisible proceeds allocated to growing shall be adjusted for any year during which the aggregate tonnage of saleable sugar produced by all millers is less than 1,8 million tons by reducing such percentage by one half of a percentage point. |
| 168. | The basis of allocation of a share of the net divisible proceeds to growing referred to in clauses 166 and 167 may at any time be varied by agreement in writing by the Millers' Association and the Growers' Association, which Associations may at any time, if both agree, and shall during the year 2003/2004, meet with a view to reviewing the basis of allocation. |