Thursday, 29 October 2009

PGMA issues EO 834 to stabilize rice supply, prime commodities

Manila (PNA) —- President Gloria Macapagal-Arroyo on Thursday issued an executive order authorizing the National Food Authority (NFA), Food Terminal Incorporated (FTI) and the Philippine International Trading Corporation (PITC) to intervene in the stabilization of the supply and prices of basic commodities in the country.

President Arroyo issued Executive Order 834 as the government’s commitment to pursue a policy of food security, especially for the benefits of the less fortunate, disadvantaged and marginalized sectors of the country.

The current tight economic situation, aggravated by the destructive effects of typhoons "Ondoy" and "Pepeng" that hit the country one after the other, has significantly lessened the underprivileged sector’s access to food and other prime commodities.

The EO also stated that there is a need to address the basic needs of the less fortunate sectors, especially those in the depressed areas.

Under section 3 of the Executive Order 1028 series of 1985, “the President may, for stabilization purposes, authorize the intervention by the appropriate government entities in the trading of other food items if so warranted by conditions as may exist from time to time”.

A month ago, President Arroyo declared the whole country under the state of calamity after the devastation wrought by typhoon Ondoy.

President Arroyo issued the order since the NFA, FTI and PITC, considering their capability and experience in the marketing of grains and non-grain commodities are the most appropriate government agencies to intervene in the stabilization of basic food items.

For this purpose, the NFA, FTI and PITC thru their respective boards and councils, are authorized to use their corporate funds, manpower and other facilities, government-guaranteed credit lines and supplemental support, as they may deem necessary.

President Arroyo also instructed all agencies of the national government, particularly but not limited to, the Department of Trade and Industry (DTI), Department of Finance (DOF), Department of Budget and Management (DBM), Department of Justice (DOJ), and the Office of Government Corporate Counsel (OGCC), are enjoined to extend full support to the Department of Agriculture for the implementation of EO 834.

Under section 8 of EO 834, President Arroyo also authorized Agriculture Secretary Arthur Yap to determine the reasonable volume of pork and/or chicken that will be imported within the purview of this order.

EO 834 shall take effect immediately and shall remain valid until December 31, 2009. (PNA)

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