NTA MEMORANDUM CIRCULAR

: The purpose is to promulgate the 1995 floor prices of air-cured Burley leaf tobacco per grade in accordance with the regulatory powers of the National Tobacco Administration (NTA).
: The NTA is issuing this under its regulatory powers granted by Executive Order No. 245.
: The grades mentioned are A, B, C, D, E, F, and R (Usable).
: The minimum floor price for Grade A air-cured Burley tobacco is P26.50 per kilo.
: Burley tobacco farmers and members of the Philippine Aromatic Tobacco and Development Association, Inc. (PATDA-Burley Tobacco Group) were consulted.
: Grade A is priced at P26.50 per kilo and Grade F at P11.00, making a difference of P15.50.
: All sectors of the tobacco industry were involved in these conferences.
: These floor prices set the minimum price that farmers should receive for their crops to ensure fair trade and protect their interests.
: The floor prices took effect during the 1995 trading season.
: Joaquin T. Ortega signed the Memorandum Circular; he was the Administrator of the National Tobacco Administration.