Connect with us

News

NFA hits 97% of target palay purchase for H1 2024

Published

on

NFA

FILLED TO CAPACITY. National Food Authority (NFA) Administrator Larry Lacson inspects an NFA warehouse filled with palay in Cagayan in this undated photo. Lacson on Friday (May 31, 2024) said the NFA has already reached 97 percent of its target procurement for the first half of the year with still a full month left. (Photo: Nfa Rehiyon Dos/Facebook)

MANILA – The National Food Authority (NFA) on Friday said it had already reached 97 percent of its target palay procurement for the first half of the year with the new pricing scheme.

This is equivalent to 2.93 million bags of palay, which is close to the NFA’s 3.08 million bags target purchase.

“We’re now at 97 percent of our buying target for the first half with the whole month of June left. Farmers in several provinces in northern Luzon have yet to complete their harvest and they’ve appealed to the NFA to continue with our procurement,” NFA acting administrator Larry Lacson said in a statement.

Through the higher buying price range, the NFA was able to purchase dry and clean palay for PHP23 to PHP30 per kilogram; and PHP17/kg. to PHP23/kg. for fresh and wet palay.

The NFA also designated a fast lane for farmers selling palay not exceeding 50 bags.

Lacson added the NFA will also start milling its stock to free up space in NFA warehouses, and fulfill the 500,000 rice bags requirement of the Department of Social Welfare and Development (DSWD).

“Our problem now, and it is a pleasant one, is that we are running out of space in our warehouses, especially in Region II,” he said.

Agriculture Secretary Francisco Tiu Laurel Jr., meanwhile, was pleased over the increased rice procurement.

“We are pleased that the NFA Council’s decision has resulted in a significant increase in our rice buffer stock, especially with the onset of the typhoon season,” he said.

The NFA targets to meet a total of 300,000 metric tons of rice for the country’s national buffer stock.

Laurel vowed to continue exploring ways to reduce the retail prices of rice for consumers, in line with the food security targets of President Ferdinand R. Marcos Jr.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle2 weeks ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle3 weeks ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle2 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle2 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver3 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver4 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver4 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver5 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver6 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...

Maria in Vancouver6 months ago

7 Creative Ways to Propose!

Sometime in April 2022, my significant other gave me a heads up: he will be proposing to me on May...