Sunday 23 September
Powered by Ajaxy
Apr 11, 2017 @ 14:22

NFA positive on rice market situation in Negros Occidental

The National Food Authority (NFA) assured consumers in Negros Occidental of a “positive” market situation amid stable rice supply and price levels.

This was stressed by Marianito Bejemino, provincial manager of NFA-Negros Occidental, despite low reported rice distribution in the first quarter of 2016.

He pointed out that this shows a positive market situation since low demand for NFA rice means stable supply and price of commercial rice among the markets in Negros Occidental.

In January, NFA-Negros Occidental distributed only 17,837 bags of rice, or 89 percent of the target 20,000 bags while in February, only 37 percent of the target 30,000 bags was distributed, or only 11,086 bags.

Records further showed that in March, distribution reached only 17,335 bags or 58 percent of the target 30,000 bags.

Bejemino said the undistributed rice supply will be added to the province’s buffer stocks.

He added that recent harvests led to the steady supply of commercial rice in Negros Occidental augmented by stocks from other provinces.

Still, Bejemino said an increase in the demand for NFA rice is expected during the lean months from June to August, which can increase the rice distribution level of NFA-Negros Occidental.

“We want to ensure sufficient buffer stocks, and also strengthen the operation of our NFA rice outlets,” he added.

Bejemino said they are making sure that NFA rice which costs P27 per kilogram is available to maintain a competitive price in the market.

With about 2.33 million bags of rice inventory in Negros Occidental as of middle of last week, Bejemino said the province is in a comfortable level, which means sufficient rice supply. (PNA)


Trending News

Recommended on sister sites

Copyright © 2018 - Latest News on Celebrities, Politikos and Businessmen that loves food!.