• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

Rice traders offering low prices for palay to be tracked by NFA

by May 18, 2025
May 18, 2025

THE Department of Agriculture (DA) said it instructed the National Food Authority (NFA) to identify parts of the country where traders are purchasing palay (unmilled rice) from farmers at unusually low prices.

“This will allow the (NFA) to extend its procurement efforts during the next harvest season and prevent unscrupulous traders from exploiting farmers,” the DA said in a statement.

The NFA is seeking to boost its palay procurement for a government program to offer rice to vulnerable segments of society at a subsidized P20 per kilo.

Last week, 32 Kadiwa outlets, which sell produce at below-market rates because of government-supported direct farmer-to-market logistics, began roll offering P20 rice, following a pilot test in the Visayas that began on May 1.

The government intends to sustain the P20 rice program until the end of President Ferdinand R. Marcos, Jr.’s term in June 2028.

The DA said on Sunday the NFA is increasing its fleet of trucks and expanding storage and drying capacity to purchase more rice from farmers, especially in hard-to-reach areas.

It still has over P9.8 billion available for palay procurement this year — suggesting a spending capacity sufficient for 5 million 50-kilo bags of rice.

“The NFA has current inventory equivalent to 8 million bags of rice, with half of that stock bought during the first four months of the year,” the DA said.

It said Agriculture Secretary Francisco P. Tiu Laurel, Jr. recently met with NFA’s regional managers and key officials to ensure the rice sold the P20-per-kilo program “meets quality standards.”

“…this subsidized rice program presents an opportunity for the agency to shift the long-standing perception that NFA rice is of poor quality — an opinion still shared by some critics and politicians,” the DA said.

Under the Rice Tariffication Law, the NFA no longer imports rice for its reserves. It is now limited to purchasing palay from farmers only. — Kyle Aristophere T. Atienza

previous post
US tariffs seen making PHL a target for dumped goods
next post
Pork retail prices defy price caps in early May

You may also like

Navigating an AI-enabled business landscape

May 18, 2025

CITEM bats for budget parity with tourism promotion...

May 18, 2025

Frasco likens impact of proposed ASEAN visa to...

May 18, 2025

Aboitiz Construction sees 93% of Labor Day applicants...

May 18, 2025

Debt service bill falls nearly 35% in first...

May 18, 2025

Pork retail prices defy price caps in early...

May 18, 2025

GOCC subsidies rise nearly 55% in March

May 18, 2025

US tariffs seen making PHL a target for...

May 18, 2025

Wholesale prices growth of building materials in Metro...

May 16, 2025

Agri budget for 2026 to feature bigger allocations...

May 15, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • FBI Says Palm Springs Bombing of Fertility Clinic Motivated by Anti-Natalist Ideology — 25-Year-Old Suspect Identified

      May 18, 2025
    • OVER-TOURISM REBELLION: Visitors Cower in Their Hotels and Airbnb Rentals as Thousands Protest in Spanish Canary Islands

      May 18, 2025
    • BREAKING: Biden Diagnosed with Aggressive Form of Prostate Cancer – Spread to His Bones

      May 18, 2025
    • Chicago Mayor Brandon Johnson Says He Only Hires Blacks Because They Are More ‘Generous’ Than Whites (VIDEO)

      May 18, 2025
    • “Just Wait, You’ll See” – Bongino Says Truth About January 6 Pipe Bomber Coming Soon (VIDEO)

      May 18, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick