- Title
- Extending the Period of Effectivity of the Price Ceilings on Rice Nationwide
- Reference
- National Emergency Memorandum Order No. 29
- Date
- 1990-05-30
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
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
DONE, in the City of Manila, this 30th day of May, in the year of our Lord. nineteen hundred and ninety.