NFA conducts another series of rice importation under MAV
The National Food Authority (NFA) conducted another series of rice importation, this time under the 2018 Minimum Access Volume (MAV) in compliance with the country’s commitment to World Trade Organization.
NFA Administrator Jason Aquino said that at least 348 private corporations, cooperatives, and Farmers Organizations (FO’s) participated in the bidding.
Under the importation guidelines, rice traders are allowed to source from countries with a specific quota (CSQ) or from other rice-producing countries (omnibus origin).
For the volume per origin, Thailand and Vietnam again have the highest maximum volume set for countries with specific quota at 293,100 metric tons (MT) each.
China, India and Pakistan were given 50,000 MT limit each, followed by Australia with 15,000 MT, and El Salvador with 4,000 MT.
Meanwhile, rice imports from omnibus origin was limited to 50,000 MT.
“This will fulfill the importation of 805,200 MT of rice under the MAV scheme of the World Trade Organization (WTO),” NFA said.
Aquino said that the schedule of arrival of the rice imports will be during the lean months so as not to affect the buying price of local palay prices among local traders.
The arrival of the rice imports is divided in two phases.
First phase will start arriving in July until August 31, 2018, while the second phase will start on December 20, 2018 until February 28, 2019.