de ▁as ▁Officer - in - Char ge ▁( O IC ) ▁of ▁the ▁institutions ▁that ▁will ▁reg ulate ▁the ▁sugar ▁industry ▁since ▁the ▁administration ▁that ▁time ▁was ▁techn ically ▁in ▁revolution ary ▁form ▁of ▁government . ▁On ▁May ▁ 2 8 , ▁ 1 9 8 6 , ▁Executive ▁Order ▁No . ▁ 1 8 ▁established ▁the ▁current ▁Sug ar ▁Reg ul atory ▁Administration ▁( S RA ). ▁The ▁S RA ▁was ▁mand ated ▁to ▁carry ▁out ▁the ▁following ▁functions : ▁To ▁inst itute ▁an ▁order ly ▁system ▁in ▁sugar c ane ▁production ▁for ▁the ▁stable , ▁sufficient ▁and ▁bal anced ▁production ▁of ▁sugar ▁for ▁local ▁consumption , ▁export ation ▁and ▁strateg ic ▁reserve ; ▁To ▁establish ▁and ▁maintain ▁such ▁bal anced ▁relation ▁between ▁production ▁and ▁requirement ▁of ▁sugar ▁and ▁such ▁market ing ▁conditions ▁as ▁will ▁ins ure ▁stabil ized ▁prices ▁at ▁a ▁level ▁reason ably ▁prof itable ▁to ▁producer ▁and ▁fair ▁to ▁consum ers ; ▁To ▁promote ▁the ▁effective ▁mer ch and ising ▁of ▁sugar ▁and ▁its ▁products ▁in ▁the ▁domestic ▁and ▁foreign ▁mark ets ▁so ▁that ▁those ▁engaged ▁in ▁the ▁sugar ▁industry ▁will ▁be ▁placed ▁on ▁a ▁basis ▁of ▁economic ▁vi ability ; ▁To ▁undert ake ▁such ▁relevant ▁studies ▁as ▁may ▁be ▁needed ▁in ▁the ▁form ulation ▁of ▁policies ▁and ▁in ▁the ▁planning ▁and ▁implementation ▁of ▁action ▁programs ▁required ▁in ▁att aining ▁the ▁purposes ▁and ▁object ives ▁set ▁forth ▁under ▁Executive ▁Order ▁No . ▁ 1 8 . ▁ ▁Sug ar ▁Indust ry ▁and ▁the ▁Philipp ine ▁Econom y ▁The