NFA’s palay procurement in surplus areas on the rise
State-run grains agency National Food Authority (NFA) said that its field offices from surplus regions like Central Luzon, Western Visayas, and Cagayan Valley have reported promising figures in their palay procurement activities for the month of October.
Based on its latest report, NFA was able to purchase 80,040 bags of palay (unhusked rice) as of October 25, 2017 as harvest begins to peak in some provinces across the country. This brought to 389,282 bags of palay already procured since January nationwide.
“We are optimistic that this trend will continue through the main harvest season (October to December) so that we can increase our buffer stock through local procurement as instructed by the President,” NFA Administrator Jason Laureano Y. Aquino said.
Aquino further said that he is optimistic that NFA may still achieve its procurement target for the year despite the low accomplishment in the summer harvest.
As part of its mandate, NFA procures palay locally in order to boost the country’s buffer stock.