Extending the Period of Effectivity of the Price Ceilings on Rice Nationwide
National Emergency Memorandum Order No. 29, issued by President Corazon C. Aquino on May 30, 1990, extends the price ceilings on rice across the Philippines from June 1 to December 31, 1990. The order specifies price limits for well-milled, regular milled, and NFA rice at various stages of distribution, with well-milled rice capped at P450.00 per sack for consumers and NFA rice at P7.50 per kilo. The President retains the authority to adjust these price ceilings based on recommendations from relevant government departments. The order takes effect two days after publication in national newspapers and remains valid during the declared national emergency.
Law Information
- Reference Number
- National Emergency Memorandum Order No. 29
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- National Emergency Memorandum Orders
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 30, 1990
NATIONAL EMERGENCY MEMORANDUM ORDER NO. 29
EXTENDING THE PERIOD OF EFFECTIVITY OF THE PRICE CEILINGS ON RICE NATIONWIDE
Pursuant to the powers vested in me by the Constitution and Republic Act No. 6826, I CORAZON C. AQUINO, President of the Philippines, do hereby order:
SECTION 1. For the period June 1, 1990 to December 31, 1990 the price ceilings on rice nationwide are hereby set as follows:
| Well-Milled Rice: | ||
| Miller to Wholesaler | P415.00/pack | |
| Wholesaler to Retailer | P425.00/sack | |
| Retailer to Consumer | P450.00/sack | |
| or | P9.00/kilo | |
| Regular Milled Rice: | ||
| Miller to Wholesaler | P390.00/sack | |
| Wholesaler to Retailer | P400.00/sack | |
| Retailer to Consumer | P420.00 Sack | |
| or | 8.40/kilo | |
| NFA Rice | ||
| Retailer to Consumer | 7.50/kilo |
Under this Memorandum Order, a sack shall contain fifty (50) kilos.
SECTION 2. The President may, upon recommendation of the Department of Agriculture, Department of Trade and Industry and National Food Authority, revise the aforesaid price ceilings or lift the same at any time as the circumstances may warrant. cdlex
For this purpose, the aforesaid agencies shall submit to the Office of the President a monthly review of these price ceilings.
SECTION 3. This Memorandum Order shall take effect two (2) days after publication in two (2) national newspapers of general circulation, and shall remain in force and effect during the period of national emergency as declared under Proclamation No. 503, Series of 1989.
DONE, in the City of Manila, this 30th day of May, in the year of our Lord. nineteen hundred and ninety.
Cite This Law
Extending the Period of Effectivity of the Price Ceilings on Rice Nationwide, National Emergency Memorandum Order No. 29, May 30, 1990 (Philippines)
Extending the Period of Effectivity of the Price Ceilings on Rice Nationwide, National Emergency Memorandum Order No. 29 (Phil. 1990)
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- Setting New Price Ceilings for Rice and Corn GrainsLetter of Instructions No. 413 • May 29, 1976 • Presidential Issuances
- Providing for New Effectivity of the Price Ceilings on Certain Prime Commodities in the NCRNational Emergency Memorandum Order No. 3 • Dec 30, 1989 • Presidential Issuances
- Providing for New Effectivity of the Price Ceilings on Certain Prime Commodities in the NCRNational Emergency Memorandum Order No. 9 • Jan 31, 1990 • Presidential Issuances
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