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NFA rice price stable; Sorsogon has enough supply
by Mharr Loterte
Province of SORSOGON (27 June 2005) -- Provincial manager Cesar E. Barcelona assured consumers in the province NFA rice remains at P16.00 per kilogram for regular-milled and P18.00 per kilogram for well-milled rice which are comparably lower than the commercial rice being sold at P20.50/kg and 22/kg for regular-milled and well-milled rice, respectively.
Barcelona said NFA Sorsogon has created the “Palengke Watch Team” ensuring the availability and affordability of NFA rice in the market at all times and maintaining controls to prevent NFA rice diversion, in compliance to the prescribed price for accredited rice retailers under the Bigasan sa Palengke, Inside-the-Market and Outside-the-Market with NFA program.
“NFA will also strictly follow the distribution policies and procedures to ensure that accredited and licensed rice retailers comply with the existing NFA rule and regulations,” he stressed.
Meanwhile, Barcelona assured that Sorsogon has sufficient buffer stocks to stabilize rice in the market should prices exhibit abnormal increase due to the escalating cost of gasoline.
Rice stock inventory at present is 143,863 bags and will be augmented with the expected imported rice allocated for the province. (PIA Sorsogon)

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