DA chief wants NFA regulatory, other powers restored to bring down rice prices

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Agriculture Secretary Francisco Tiu Laurel on Wednesday called for the restoration of the regulatory powers of the National Food Authority to bring down rice prices.Tiu Laurel was referring to NFA’s previous regulatory powers stripped from the agency due to the passage of the Rice Tariffication law in 2019, which prohibited the NFA from buying, selling and importing rice, as well as limiting its mandate to managing buffer rice stocks.

Instead, the RTL allowed private entities to import rice without limit, envisioned to bring down the prices of rice due to larger supply.Tiu Laurel said the NFA having the authority to regulate allows it to have the database of rice traders, as well as ensure that NFA can intervene by importing rice when the need arises.“Well, number one, NFA dati lahat ng rice trader, kailangan naka register . Ngayon, wala na eh. So kapag hindi sumunod sa usapan ang rice trader, dati, pwede tanggalan ng NFA ng license to operate,” the Agriculture chief said on the sidelines of a public hearing on bringing down prices of basic commodities in the House of Representatives.“Dati iyong NFA, iyong stock din ng bigas na binili locally, pwede niyang ibenta sa palengke. Ngayon, hindi. , pwede rin niyang ibenta sa LGU para maibenta ng mura . Ngayon, hindi na rin pwede. Dati, pwede ‘yung NFA mag-import para i-address iyong kakulangan. Ngayon, hindi puwede. Kaya malaking bagay talaga na maibalik iyon,” Laurel added.President Ferdinand Marcos Jr. signed an amended Rice Tariffication law this week which partially restored NFA’s previous mandate by allowing the agency to sell its rice buffer stocks in Kadiwa ng Pangulo rice centers located in areas experiencing rice shortfall or skyrocketing rice prices. — RSJ, GMA Integrated News

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