Affordable NFA rice is back in the local market
The National Food Authority (NFA) said that the affordable government-subsidized rice will be back in the local market in no time as imported supply already started arriving in designated ports across the country.
An initial shipment totaling 16,000 metric tons (MT) or 320,000 bags from Vietnam arrived at the ports of Subic (11,000 MT) and Surigao (5,000 MT) last June 2.
It will be immediately unloaded and is estimated to be back in the market within the week, NFA said.
The shipment is part of the 250,000 MT procured under a government-to-government tender held May 4, 2018 to immediately replenish the NFA’s depleted food security stocks.
To recall, only the governments of Vietnam and Thailand were invited to supply the 250,000 MT, consisting of 200,000 MT of 25 percent and 50,000 MT of 15 percent broken rice.
Of the total volume, arrival of 100,000 MT 25 percent broken rice was set not later than May 31; another 100,000 MT 25 percent broken rice will have to arrive not later than June 15; and the 50,000MT 15 percent broken rice must arrive in the country not later than June 30.