NFA to intensify local palay procurement
With harvest for the wet season (main crop) already starting early in some provinces, the National Food Authority (NFA) said it will attempt to procure more palay from local farmers to beef up the agency’s buffer stock.
For this month (September) alone, the NFA had already procured 1,474 bags from farmers in North Cotabato, Sultan Kudarat and Iloilo, increasing the agency’s total procurement to 77,594 bags despite the continuous increase in palay farmgate prices.
Data from the Philippine Statistics Authority (PSA) released this month showed that the average farmgate price of palay has reached P23.66 per kilogram nationwide.
The highest farmgate prices of palay were reported at P29.00/kg in Lanao del Norte and P28.00/kg. in Pangasinan and Laguna.
NFA Administrator Jason Aquino earlier instructed the agency’s field offices, especially in rice producing areas, to be more aggressive in their palay buying strategies, and continue to adopt innovative means to convince farmers to sell to the agency despite the big difference in palay buying price.
“We are still hoping that as farmers continue to harvest in the coming months, we can also buy more palay from them, especially in the far-flung areas,” Aquino said.
NFA buys at a support price of P17.00 per kg for clean and dry palay, with incentives up to P1.00/kg for cooperative members and P0.70/kg for individual farmers.