Increased Price Support for Sorghum, Soybean, Mongo, Peanuts and Cassava Chips
Letter of Instructions No. 1140, issued on May 25, 1981, by President Ferdinand E. Marcos, mandates an increase in the price support for several agricultural commodities, including sorghum, soybean, mongo, peanuts, and cassava chips. This decision addresses the rising costs of production due to increased input prices and aims to ensure farmers receive a fair return on their investments. The specified price supports for each commodity are set to take effect on June 17, 1981. Additionally, any previous orders that conflict with this instruction are repealed or modified accordingly.
Law Information
- Reference Number
- Letter of Instructions No. 1140
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
May 25, 1981
LETTER OF INSTRUCTIONS NO. 1140
| TO | : | The Minister of Agriculture |
| The Administrator, National Food Authority | ||
| All Concerned | ||
| SUBJECT | : | Increasing the Price Support for Sorghum, Soybean, Mongo, Peanuts and Cassava Chips |
WHEREAS, the substantial increases in the costs of inputs have affected the costs of production, not only of palay and corn, but also those of the other cereals like sorghum, soybean, mongo, peanuts and cassava chips; cdt
WHEREAS, there is a need for the government to guarantee the farmers a fair return on their investments;
WHEREAS, it is necessary to increase the price support of sorghum, soybean, mongo, peanuts and cassava chips in order to encourage the farmers to increase their production;
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 Food Authority to increase the support prices of the following commodities (Clean and dry):
|
|
PRICE SUPPORT
|
|
|
Commodity
|
From
|
To
|
|
|
P/kilo
|
|
| sorghum |
P1.00
|
P1.10
|
| soybean |
3.55
|
3.95
|
| mongo |
3.45
|
3.70
|
| peanuts |
3.70
|
3.90
|
| cassava chips |
0.60
|
0.65
|
All provisions of orders and Letters of Instructions inconsistent with this Letter of Instructions are hereby repealed and/or modified accordingly.
These instructions shall take effect on June 17, 1981.
Issued this 25th day of May, in the year of Our Lord, Nineteen Hundred and Eighty One, in the City of Manila. cdt
Cite This Law
Increased Price Support for Sorghum, Soybean, Mongo, Peanuts and Cassava Chips, Letter of Instructions No. 1140, May 25, 1981 (Philippines)
Increased Price Support for Sorghum, Soybean, Mongo, Peanuts and Cassava Chips, Letter of Instructions No. 1140 (Phil. 1981)
Related Laws
- Increased Price Support for Corn, Sorghum and Soybean and Price Ceilings for White Corngrits, etc.Letter of Instructions No. 1046 • Jul 23, 1980 • Presidential Issuances
- Granting Incentives for the Production of Soybeans, Mongo and SorghumPresidential Decree No. 1212 • Oct 12, 1977 • Presidential Issuances
- Multiple-cropping of Peanuts and Mongo with SugarcaneLetter of Instructions No. 693 • May 24, 1978 • Presidential Issuances
- Speedy Implementation of P.D. Nos. 457, 729 and 1046-ALetter of Instructions No. 905 • Mar 28, 1979 • Presidential Issuances
- Inclusion of Other Grains and Food Commodities in the Grains Quedan Financing ProgramLetter of Instructions No. 1024 • May 22, 1980 • Presidential Issuances
- Increased Masagana 99 Loans Ceiling and Price Support for PalayLetter of Instructions No. 228 • Nov 28, 1974 • Presidential Issuances
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