Council to allow NFA to import rice at an earlier date
Agriculture Secretary Emmanuel Piñol announced that to stabilize rice prices, NFA Council, the highest policy making body of National Food Authority (NFA), has moved to approve the importation of 250,000 metric tons (MT) of rice, which will now be done at a much earlier time.
The government subsidized rice which is being sold by NFA outlets for P27 and P32 per kilo will soon be in abundant supply in the market, Piñol said.
“The NFA Council meeting presided by President Rody Duterte himself directed the NFA Administrator Jason Aquino to start the procurement process of 250,000 metric tons of rice to serve as the buffer stocks of the agency,” Piñol said.
The approval by the Council of the NFA importation ended a month-long stalemate where the NFA was complaining that it did not have enough buffer stocks and the Council maintaining that the imported stocks should only be allowed into the country in June.
For weeks, prices of rice in the market skyrocketed because of the absence of the NFA rice which is actually favored by the low-income sector.