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Jan 26, 2018 @ 17:10

NFA earns P187-M from licensing and enforcement activities

The National Food Authority (NFA) said it was able to collect more than P187 million from the registration and licensing of grains business and businessmen as well as from enforcement activities for the year 2017.

The NFA particularly recorded more than P173 million from registration and licensing fees, while P14 million were collected by the enforcement division from penalties, enforcement fees, and administrative fines.

During the year, the NFA’s Industry Services Department (ISD), which grants permits to grains business, issued licenses to 76,228 grains businessmen from around the country. Of the total registrants, 65,339 were renewees while 10,889 were new applicants.

The NFA is empowered by law to regulate the grains trading business by issuing licenses to corporations and individuals who are engaged in rice and corn business like retailing, wholesaling, import/export, milling, drying, warehousing, warehousing, transporting, mechanical drying, manufacturing, and threshing.

NFA’s regulatory function also includes the enforcement of grains trading rules and regulations through its Security Services and Investigation Department (SSID). The ISD works closely with enforcement officers to ensure that grains traders abide by the business regulations set by the agency.

NFA administrator Jason Aquino said that registration and licensing of grains business is one of the important activities of NFA as part of its mandate to regulate the grains industry and ensure food security in the country.

Aquino stressed that this year, NFA will further intensify its market monitoring activities to ensure that the rice market will be rid of any illegal activities.

“I have again instructed all our field officers to closely monitor the rice industry and to immediately report any illegal activities so that the perpetrators will be dealt with accordingly,” Aquino said.



 

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