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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 117
TO
: The Chairman and Members,
Prime Commodities Coordinating Council
The Secretary of Agriculture
and Natural Resources
The Secretary of Trade
The Administrator, National Grains Authority
The Chief, Philippine Constabulary
WHEREAS, the present temporary lean months in domestic rice production expected to and by mid-October this year and a world-wide shortfall in rice harvests have resulted in the current unstable market situation for rice and corn;
WHEREAS, the price of corn grain in production centers has steadily risen due to unwarranted competition among traders;
WHEREAS, it is desirable and for the benefit of the masses of our people that the price level of corn and other prime consumer commodities be stabilized;
NOW, THEREFORE, for and in consideration of the foregoing premises, I, Ferdinand E. Marcos, President of the Philippines, do hereby ordain and promulgate the following price control order for corn grits produced by mills having capacity of more than 300 cavans corn grits per 24-hour milling day:
Location
of Mills Price Ceiling
Davao City
P0.38 per kg. bagged FOB vessel
Dadiangas
P0.83 "
" " "
"
Cotabato City
P0.83 "
" " "
"
Cagayan de Oro
City P0.83 "
" " "
"
Cebu City
P0.83 "
" " "
"
P0.91
" "
" " "
It is further ordained and promulgated that white corn grits shall not be used for purposes other than direct human consumption.
This order shall take effect immediately.
Done in the City of Manila this 23rd day of August, in the year of Our Lord, nineteen hundred and seventy three.
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Since 19.07.98.