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PRESIDENTIAL DECREE NO. 1212
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PRESIDENTIAL DECREE NO. 1212 -
GIVING INCENTIVES FOR THE PRODUCTION OF SOYBEANS, MONGO, AND SORGHUM
AND OTHER FEED-GRAINS AND/OR THEIR SUBSTITUTES, SPECIFYING THE SUPPORT
PRICES THEREFOR, AUTHORIZING THE NATIONAL GRAINS AUTHORITY TO DETERMINE
AND IMPORT THE REQUIREMENT FOR THESE COMMODITIES AND FOR OTHER PURPOSES
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WHEREAS, is
its imperative to increase the production of agricultural crops with
high nutritive value such as soybeans, mongo, sorghum and other
feedgrains and/or their substitutes to meet the continuously growing
demand for these commodities for both human and animal consumption;chanroblesvirtualawlibrary
WHEREAS, due to the increase in the cost of production of these
agricultural crops, there is need to support farm prices at a
reasonable level to enable the farmers to realize a fair return on
their investment;chanroblesvirtualawlibrary
WHEREAS, at present, the determination and importation of the country's
requirements for soybeans and soybean meal are being undertaken by
private importers who dictate their prices such that farmers and
consumers are placed at a disadvantage;chanroblesvirtualawlibrary
WHEREAS, it is necessary for the government to directly undertake the
importation of soybean meal, mongo, sorghum and other feedgrains and/or
their substitutes in order to assure adequate and continuous supply of
these commodities and to stabilize local prices thereof for the benefit
of both the farmers and consumers;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
decree and order and make as part of the law of the land the following:cralaw:red
Section 1. The support prices of soybeans, mongo and
sorghum shall be as follows: soybeans, P2.80/kilo; mongo, P3.20/kilo
and sorghum, P0.85/kilo.
Section 2. The National Grains Authority shall ensure
the strict implementation of the support prices.
Section 3. The National Grains Authority shall have
the authority to determine the country's annual requirement for
soybeans, soybean meal, mongo, sorghum as well as other feedgrains
and/or their substitutes, and NGA shall import exclusively these
commodities from any source abroad.
Section 4. The National Grains Authority shall
promulgate such rules and regulations for the effective implementation
of this decree.
Section 5. Any violation of any provision of this
decree or of the rules and regulations to be promulgated pursuant
herewith shall be punishable, upon conviction, by imprisonment of not
less than one year nor more than two years or by a fine of not less
than Four Thousand nor more than Six Thousand Pesos, or both, a the
discretion of the court.
Section 6. Any provision of law, order, decree, or
Letter of Instructions inconsistent with the provisions of this decree
is hereby repealed or modified accordingly.
Section 7. This decree shall take effect immediately.
Done in the City of Manila,
this 12th day of October, in the year of Our Lord, nineteen hundred and
seventy-seven.
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