Rice traders pledge to supply cheaper rice to NFA
Amid the recent pronouncements of President Rodrigo Duterte regarding the abolition of NFA Council, Agriculture Secretary Emmanuel Piñol said rice traders from Luzon last night promised that they will flood Metro Manila markets with newly-milled local rice to be sold at P39 per kilo.
The rice traders told Duterte during last night ‘s forum in Malacañang, as cited by Pinol, that the first delivery of 100,000 bags will be channeled through the National Food Aithority (NFA), which in turn will distribute the rice at P38 per kilo to its outlets in Metro Manila.
The rice outlets will sell rice at P39 per kilo for a profit of P50 per bag.
The traders said they will deliver 100,000 bags every week until the rice imported by the NFA will arrive in the country.
“The pledge of sufficient low-cost rice supply by the traders came during the meeting with the President which I suggested during the last NFA Council meeting,” Piñol said.
In his message at the opening of the forum, Duterte appealed to the rice traders to be considerate in the pricing of rice so that consumers will not be hurt.
“I know that you are all businessmen and that you have to make a profit but I am appealing to you not to overprice or hoard rice,” Duterte told the rice traders.
The meeting also allowed the rice traders to share with Duterte their problems, including extortion activties of Land Transportation Office personnel in a weighing scale station in Aritao, Nueva Vizcaya.
Piñol said the President immediately acted on their concerns.