NFA buys 1.3 million bags of palay from farmers

  • Page Views 1384
  • State-run National Food Authority said Thursday it is now on a palay-buying spree as it takes on its new role of buffer stocking solely from local farmers’ produce.

    NFA officer-in-charge administrator Tomas Escarez said the agency’s field offices bought 990,783 bags of palay or unmilled rice in March alone, bringing the total palay procurement to 1.263 million bags in the first quarter.

    Escarez said the first-quarter procurement was 6,149-percent higher than 20,540 bags it bought in the first quarter of 2018.

    “We are not surprised though because March is the start of the summer crop harvest and we were able to capitalize on our higher incentives versus the low buying price of palay traders. While traders reduced their buying price to as low as P14/kilogram, we, on the other hand, increased our buying price up to P20.70/kg for clean and dry palay,” Escarez said.

    The NFA said it started implementing an additional P3-per-kilogram buffer stocking incentive in October 2018, in addition to the previous P0.20/kg drying, P0.20/kg delivery, and P0.30/kg cooperative incentive fee.

    This increased the agency’s maximum buying price for palay from P17.40/kg for individual farmers and P17.70 for members of farmer cooperatives/organizations to P20.40/kg and P20.70 per kg, respectively.

    Data from the NFA showed that as of March 31, it bought 152,551 bags of palay in Isabela.  Other top sources of palay in the first quarter were Nueva Ecija with 128,827 bags; Tarlac with 127,782; Occidental Mindoro with 109,358; North Cotabato with 105,115; Sultan Kudarat with 72,961; Bulacan with 58,455; Northwestern Cagayan-Apayao with 49,996; Cagayan with 36,077; Ilocos Norte with  34,683; Bataan with 31,274; and Zamboanga del Sur with 23,523.

    Escarez said  NFA should be ready for more palay procurement, especially in the next two months as summer harvest peaks. The agency also increased its previous target of palay procurement from 7.78 million bags to 14.46 million bags for 2019.

    “With the implementation of RA 11203 or the Rice Trade Liberalization Law, rice distribution was removed from the functions of NFA. We now have to shift our focus to palay procurement. NFA will continue to serve our farmers by buying their produce to ensure a reasonable return for their harvest especially now that farmers are suffering from the effects of El Niño and private traders are buying low,” Escarez said. (MS)

    Share

    New Posts Recently publish post More

    • 13 May 2021
      2 days ago No comment

      Duterte vs Pacquiao: No fight, say political insiders

      It started on May 3 when Senator Manny Pacquiao, a known ally of President Rodrigo Duterte, said that he finds Duterte’s recent stance lacking on reported Chinese incursions in the West Philippine Sea. “Sa akin, nakukulangan ako, nakukulangan ako kumpara doon sa bago pa siya tumakbo, nage-eleksyon pa lang. ...

    • 07 May 2021
      1 week ago No comment

      Your census.Your community.Your future.

      Census information is used to plan programs and services in your community. Complete your census now!   Related

    • 07 May 2021
      1 week ago No comment

      Applications open tomorrow for new pathway to permanent residency for essential temporary workers and international graduates of a Canadian institution

      Ottawa—Last month, the Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, announced an innovative pathway to permanent residence for over 90,000 essential workers and international graduates of a Canadian institution who are actively contributing to Canada’s economy. This special public policy will grant permanent status to ...

    • 07 May 2021
      1 week ago No comment

      Canada first country to approve Pfizer vaccine for 12-15-year-old kids

      Canada has become the first country to approve the use of the Pfizer-BioNTech COVID-19 vaccine for children between the ages of 12 and 15. Until Health Canada’s announcement of its approval Wednesday (May 5), the Pfizer vaccine was approved only for people 16 years and older. Health Canada has ...

    • 07 May 2021
      1 week ago No comment

      ABS-CBN marks 1 year shutdown – ‘Andito kami para sa’yo’

      Several Kapamilya stars took to social media to recount the harrowing experience of witnessing ABS-CBN going off air after the government issued a cease and desist order against the network exactly a year ago. On May 5, 2020, ABS-CBN signed off from free television and radio broadcast, a day ...

    %d bloggers like this: