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The National Food Authority on Saturday said its buying price for palay will remain competitive to ensure local farmers will maximize their earnings.“Unless revised by the NFA Council, our ceiling price for clean and dry palay will stay at P30 a kilo,” said NFA administrator Larry Lacson.In mid-April this year, the NFA Council raised the buying price of palay to a range of P17-P30 per kilo from P16-P23 per kilo to help the agency compete with private traders.
During the dialogue, the NFA said farmers reported higher agricultural productivity and substantial income increases due to governmental support like subsidies for machinery and seeds, and reduced labor costs due to mechanization.At the end of the first half, the grains agency had procured a record 3.5 million tons of palay.
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