Price Ceiling Adjustment on Rice Commodities

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EXECUTIVE ORDER NO. 81: Price Ceiling Adjustment on Rice Commodities

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Title Supreme Court: Price Ceiling Adjustment on Rice Commodities

Law: Executive Order No. 81

Decision Date: Nov 20, 1954

Ramon Magsaysay, President of the Philippines, issues an executive order to amend price ceilings on various rice commodities, effective January 1, 1955, in response to supply shortages.

executive order

Purpose: price control adjustment

The Order further amends the maximum selling price framework for commodities in short supply by reducing and setting up new ceiling prices for specified rice commodities.

Amended ceiling prices for rice

Section 1 reduces and sets new ceiling prices for rice commodities under the amended Section 1 of Executive Order No. 475.
The Order sets ceiling prices as follows (per ganta):
- Macan, 2nd Class: Wholesale PHP 0.80; Retail PHP 0.85.
- Macan, 1st Class: Wholesale PHP 0.85; Retail PHP 0.90.
- Elon-Elon or Raminad: Wholesale PHP 0.95; Retail PHP 1.00.
- Wag-Wag: Wholesale PHP 1.05; Retail PHP 1.10.

Effectivity date

Section 2 provides that the Order takes effect on January 1, 1955.

Execution and formalities

The Order is signed by Ramon Magsaysay, President of the Philippines.
Fred Ruiz Castro, Executive Secretary, signs “By the President.”

END