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NFA Assures Ample Rice Supply for Lean Months

14 August 2013

PHILIPPINES - The National Food Authority (NFA) here assured the public that there is ample supply of commercial rice and affordable government rice in all public markets, while dispelling fears that there is rice shortage due to the effects of lean season.

NFA Bukidnon Manager Victoria Real-Duray said there is price increase in commercial rice during the months of July, August, and September because this is planting season, and traditionally, rice traders take advantage of this lean harvest time of the year to rake in more profit.

She suggested that local residents should patronize government rice sold at only P27 per kilo in selected public market stalls, instead of buying high-priced commercial rice.

At present, market retail price of commercial rice in the province ranged from P36 to P42 per kilo while the special well-milled rice went up from P43 to P45 per kilo.

“The price increase will only be temporary because of the nature of the season. NFA, however, is prepared with its buffer stock in case intervention is needed,” Ms Duray said.

As of today, more than 45,000 bags of rice and 40,000 bags of palay (unhulled rice) are available in NFA warehouses.

“There are also commercial and household stocks of about 286,656 bags,” she added.

Based on the data released by the Bureau of Agricultural Statistics (BAS), Bukidnon has a monthly rice consumption of more than 90,000 bags.

“That volume of rice reserve therefore is more than enough to meet the need of the province in a month during lean season,” she said.

“As a government entity, NFA will continue to be at the forefront of the country’s food security to ensure stability in the supply and prices of its staple cereals, which is in full support to President Benigno Aquino III’s rice self-sufficiency goals through the AgriPinoy Program,” Ms Duray said.

TheCropSite News Desk

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