Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc.
Letter of Instructions No. 1046, issued on July 23, 1980, by President Ferdinand E. Marcos, directs the National Grains Authority (NGA) to increase price support for corn, sorghum, and soybean, as well as establish price ceilings for white corngrains and rice and corn by-products. This directive addresses rising production and processing costs that threaten farmers' incomes and the viability of grain businesses. The new price supports include P1.10 per kilo for corngrains and P3.55 for soybeans, while price ceilings have been set for various by-products. The NGA is tasked with implementing these changes immediately and modifying any inconsistent prior instructions.
Quick Answers
- What is Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc. about?
- Letter of Instructions No. 1046, issued on July 23, 1980, by President Ferdinand E. Marcos, directs the National Grains Authority (NGA) to increase price support for corn, sorghum, and soybean, as well as establish price ceilings for white corngrains and rice and corn by-products. This directive addresses rising production and processing costs that threaten farmers' incomes and the viability of grain businesses. The new price supports include P1.10 per kilo for corngrains and P3.55 for soybeans, while price ceilings have been set for various by-products. The NGA is tasked with implementing these changes immediately and modifying any inconsistent prior instructions.
- What type of law is Letter of Instructions No. 1046?
- Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc. (Letter of Instructions No. 1046) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc. enacted?
- Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc. (Letter of Instructions No. 1046) was enacted on Jul 23, 1980.
- What is the citation for Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc.?
- Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc., Letter of Instructions No. 1046, Jul 23, 1980 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 1046
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
July 23, 1980
LETTER OF INSTRUCTIONS NO. 1046
DIRECTING THE NATIONAL GRAINS AUTHORITY TO INCREASE THE PRICE SUPPORT FOR CORN, SORGHUM AND SOYBEAN, AND PRICE CEILINGS FOR WHITE CORNGRITS AND BY-PRODUCTS OF RICE AND CORN
| TO | : | The Minister of Agriculture |
| The Administrator, National Grains Authority | ||
| All Concerned |
WHEREAS, substantial increase in the cost of inputs has occurred not only in palay production but likewise in the production of corn, sorghum and soybean;
WHEREAS, similar increase in processing, handling and marketing cost of grains businessmen has been triggered by series of oil price increases;
WHEREAS, there is a need to prevent the erosion of farmers' income due to this cost increase and likewise provide a reasonable rate of returns to grains businessmen. cd i
WHEREAS, it becomes imperative that the price support and ceiling prices for the abovementioned grains including the by-products of rice and corn be adjusted so as to sustain the incentives for the farmers to increase their production and for grains businessmen to effectively operate in the marketing channel. acd
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby direct the National Grains Authority to increase the price support and price ceilings of the feedgrains and by- products as follows:
| Price Support | |||
| Corngrains | — | P1.10\kilo | |
| Sorghum | — | 1.00 | |
| Soybeans | — | 3.55 | |
| Price Ceiling | |||
| Corngrits | — | 1.90/kilo | |
| Rice By-Products | |||
| Darak | — | P0.85/kilo | |
| Binlid | — | 1.20 | |
| Mata-Mata | — | 1.00 | |
| Corn By-Products | |||
| Tahop | — | P0.90/kilo | |
| Tiktik | — | 1.05 | |
| Sungo | — | 0.90 |
The NGA is further ordered to promulgate the corresponding circular necessary for the effective implementation of this Letter of Instructions. cdt
All Provisions of other Letters of Instructions inconsistent with this Order are hereby modified accordingly.
This Letter of Instructions shall take effect immediately.
Issued this 23rd day of July, in the year of Our Lord, Nineteen Hundred and Eighty, in the City of Manila. casia
Cite This Law
Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc., Letter of Instructions No. 1046, Jul 23, 1980 (Philippines)
Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc., Letter of Instructions No. 1046 (Phil. 1980)
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