Section 1
Mandated Price Ceilings
Section 1.
Mandated Price Ceilings.—Upon the joint recommendation of the DA and DTI, the mandated price ceilings on rice shall be implemented in the whole country, as follows:
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Rice Variety
Mandated Price Ceiling
Regular Milled Rice
P41.00 per kilogram
Well-Milled Rice
P45.00 per kilogram
Section 3
Agency Directives
Section 3.
Agency Directives.—To ensure the immediate and effective implementation of this Order, the following national government agencies are directed to perform the following:
a. Pursuant to Section 10(9) and (15) of RA No. 7581, the DTI and DA shall ensure the strict implementation of the mandated price ceilings on rice in the market, including monitoring and investigation of abnormal price movements thereof, and provision of assistance to affected retailers. The Department of the Interior and Local Government shall provide the necessary support to the DA and DTI for this purpose;
b. To the fullest extent permitted by existing laws, including without limitation, Sections 3, 4 and 5 of RA No. 10845 and Section 5(1) of RA No. 7581, in relation to Section 224 and other relevant provisions of RA No. 10863 or the "Customs Modernization and Tariff Act," the Bureau of Customs (BOC) shall intensity ongoing inspections and raids of rice warehouses to combat hoarding and illegal importation of rice in the country, and to facilitate the confiscation, seizure, or forfeiture of smuggled rice as may be warranted by law. To this end, the DA shall provide the necessary assistance to the BOC, which shall include the sharing of relevant information such as inventory of rice stocks, list of accredited rice importers, and location of rice warehouses;
c. Consistent with Section 12(a) and (l) of RA No. 10667 or the "Philippine Competition Act," the Philippine Competition Commission, in coordination with the DA and DTI, shall take measures against cartels or those abusing their dominant position in the market to ensure fair market competition and uphold consumer welfare and protection; and
d. The Philippine National Police and other law enforcement agencies shall render the necessary support and assistance to the DTI and DA to ensure the immediate and effective enforcement of this Order.
Section 5
Repeal
Section 5.
Repeal.—All orders, rules and regulations, and other issuances or parts thereof which are inconsistent with the provisions of this Order are hereby repealed or modified accordingly.
Section 6
Effectivity
Section 6.
Effectivity.
—This Order shall take effect immediately upon publication in the Official Gazette or in a newspaper of general circulation.
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DONE,
—in the City of Manila, this 31st—day of August, in the year of Our Lord, Two Thousand and Twenty-Three.
(SGD.)—
FERDINAND R. MARCOS, JR.
By the President:
(SGD.)—
LUCAS P. BERSAMIN
Executive Secretary