where:
NPS = Net production surplus
PP = Projected Domestic Production of
sugar
CP = Projected Total Consumption of
sugar
y = upcoming marketing year
ys = most recent previous marketing year
in which a net production surplus
was projected
PA = Actual Domestic Production of sugar
CA = Actual Total Consumption of sugar
(b) The net production surplus shall be determined in metric tons raw value.
(c) For purpose of determining whether a Party is a net surplus producer, imported sugar shall not be treated as part of domestic production.
(d) The domestic production of a Party shall not include sugar, that has been either processed or refined from sugar beets or sugar cane grown, or sugar processed or refined, outside of the territory of such Party.
(e) When making projections of its net production surplus, each Party shall consider adjustments, in appropriate circumstances, to such projections to take into account a change in stocks for the current marketing year exceeding an upper bound calculated in accordance with the following formula:
where:
B = upper bound, expressed as a percentage
F = the absolute value of the change in stocks from the beginning of the marketing year to the end of the marketing year, expressed as a percentage of beginning stocks and calculated in accordance with the following formula:
³ Sb - Se ³
F = ÃÄÄÄÄÄÄÄÄÄÄÄ´ x 100
³ Sb ³