Preamble
WHEREAS, fertilizer is a vital input to food production and must therefore be supplied inadequate quantities at the lowest possible cost; WHEREAS, world fertilizer prices have increased drastically in recent months; WHEREAS, the domestic fertilizer market has elements of disorganization leading to higher distribution costs; WHEREAS, there is a need to insure the viability of the fertilizer industry in which the Government has substantial financial interests; WHEREAS, the national interest demands the maximum production utilization of all installed fertilizer production capacity in the country and the rationalization of all fertilizer importations of the industry; and WHEREAS, the objectives for the fertilizer industry can be most expeditiously accomplished through greater government participation and control through a centralized government authority; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution as Commander-in-Chief of all the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby create the Fertilizer Industry Authority to regulate, control and develop the fertilizer industry in the Philippines with the end in view of assuring the agricultural sector of adequate fertilizer supply at the lowest possible cost.