Preamble
WHEREAS, at present the wheat requirements of the country is determined by private wheat importers, a situation which fosters an unrealistic assessment of the country's needs thereby triggering an increasing trend in the prices of wheat products to the detriment of the people; WHEREAS, wheat is a good staple substitute which may be utilized in times of acute shortages in rice provided that prices of wheat products are stabilized; WHEREAS, effective price stabilization at minimum cost requires the coordination of policies on the importation of not only rice and corn but other grains as well, more particularly, wheat. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order, and make as part of the law of the land the following: