NFA Rice Stocks

[MikeLigalig.com]

The National Food Authority (NFA) is urging local government units (LGUs) to speed up the pullout of rice stocks under the current food security emergency to free up valuable storage space.


The sale of NFA rice stocks, through the Department of Agriculture's Food Terminals Inc. (FTI) at P33 to P35 per kilo, will enable the NFA to procure more palay from local farmers, helping protect them from price manipulators.


NFA Administrator Larry Lacson emphasized the importance of this process for both food security and fair pricing. "We appeal to LGUs to fast-track the pullout of rice reserves. This will open up space in our warehouses, allowing us to procure more palay and ensure that farmers aren't at the mercy of traders pushing down prices," Lacson said.


Full story: https://www.da.gov.ph/nfa-appeals-to-lgus-to-expedite-rice-pullout/


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