[ NTA MEMORANDUM CIRCULAR, November 21, 1994 ]
1995 FLOOR PRICE OF AIR-CURED BURLEY LEAF TOBACCO
After a series of consultative conferences with Burley tobacco farmers and members of the Philippine Aromatic Tobacco and Development Association, Inc. (PATDA-Burley Tobacco Group), the following floor prices by grade of AIR-CURED BURLEY tobacco have been agreed upon today and promulgated as follows:
GRADE MINIMUM FLOOR PRICES PER KILO
A P 26.50B 24.50C 23.00D 20.50E 19.50F 11.00R (Usable) 10.00
This Memorandum Circular is being issued pursuant to the regulatory powers of the National Tobacco Administration under Executive Order No. 245 and after a series of Provincial and National Tobacco Tripartite Conferences with all sectors of the tobacco industry.
All concerned are therefore enjoined strictly the aforesaid floor-farm gate prices of AIR-CURED BURLEY tobacco which shall take effect during the 1995 trading season.
Be guided accordingly.
Adopted: 21 Nov. 1994
(SGD.) JOAQUIN T. ORTEGA
Administrator