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Feb 9, 2018 @ 11:22

NFA gets support from biggest grains business group

The Grains Retailers’ Confederation of the Philippines Inc. (GRECON), the biggest grains business organization in the Philippines, said it supports the National Food Authority (NFA) in its effort to make rice available and affordable across the country.

GRECON National President Jaime O. Magbanua met with NFA Administrator Jason Aquino to pledge GRECON’s commitment to the food agency. This comes after reports that NFA rice is no longer available in the market.

Aquino admitted that because of the agency’s low inventory, its distribution in the market has to be recalibrated. Priority is given to the Department of Social Welfare and Development (DSWD) and other relief agencies of the government.

He asked GRECON to assist the NFA in explaining to the public the scarcity of NFA rice.

It is estimated that there are about 6 to 10 million Filipinos who buy NFA rice.
Aquino assured that once its stocks are replenished, NFA will resume its distribution to its accredited retailers.

During the meeting, Magbanua vowed to police their own ranks and help in ensuring the stability of rice supply and prices in the market.

“As part of our social responsibility, any price increase resulting from the new tax reform law, will be limited to the barest minimum,” Magbanua said.


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