Tuesday 23 October
Powered by Ajaxy
Apr 6, 2018 @ 13:19

NFA wants to import add’l 250,000 MT of rice

Apparently, the 250,000 metric tons (MT) of imported rice isn’t yet enough for National Food Authority (NFA) Administrator Jason Aquino.

Because even if the bidding process for the importation of 250,000 MT of rice is yet to start, the state-run grains agency already requested the President to import additional 250,000 to replenish its depleted stocks.

This, as President Rodrigo Duterte ordered the abolition of NFA Council, the highest policy-making body of NFA that gets to decide on importation.

A report in Business Mirror, citing sources, showed that Duterte already approved NFA’s new request.

“Sources privy to the meeting between Mr. Duterte and rice traders said the NFA importation will be divided into batches,” the report said.

“The initial 250,000 MT will be imported within the month via government-to-government (G2G) scheme to immediately beef up the NFA’s bufferstock, which has sunk to a four-decade low of 200,000 bags. Meanwhile, the remaining 250,000 MT would be purchased by the NFA via government-to-procurement scheme (G2P), which would be in preparation for the lean months, sources added,” the report further said.


Trending News

Recommended on sister sites

Copyright © 2018 Foodevolution.com.ph - Latest News on Celebrities, Politikos and Businessmen that loves food!. TechCellar.com