NFA rice import deliveries nearing completion
Suppliers of the 250,000 metric tons (MT) government rice imports continue bringing in their contracted volumes, with 82.16 percent already delivered while 15.44 percent are either in transit or already within Philippine shores.
As of last week, a total of 178,392 metric tons or 82.16 percent were already delivered at designated ports in the country; 65,600 MT or 15.44 percent were either in transit or at laycan; and only 2.4 percent or about 6,000 MT are awaiting the availability of vessels from the source country (Vietnam) to the Philippines.
National Food Authority (NFA) administrator Jason Laureano Y. Aquino assured that while there is a slight delay in the arrival of part of the rice imports, the NFA has enough stocks to supply the needs of relief-giving agencies and local government units should such need arise.
Rice import suppliers who will not meet the delivery deadline will be meted out with corresponding penalties based on the Terms of Reference (TOR) of the importation, Aquino said.
The Terms of Reference for the 2016 NFA rice importation states that “penalty on shipments beyond the arrival period will be imposed as per GAFTA 122’s schedule of penalty….”
The Grain and Feed Trade Association or GAFTA is an international, London headquartered trade association consisting of traders, brokers, superintendents, analysts, fumigators, arbitrators and other professionals in the international grain trade.
The rice import contracts require suppliers to handle all costs of delivery until the stocks reach NFA designated warehouses across the country.
Assigned disports are: La Union – 20,000 MT; Batangas – 30,000 MT; Tabaco – 25,000 MT; Cebu – 25,000 MT; Cagayan de Oro – 25,000 MT; General Santos – 10,000 MT; Davao – 15,000 MT; and Manila – 100,000 MT.