THE National Food Authority (NFA) is expected to earn P557.3 million following its council-approved increase in its selling price of rice to the Department of Social Welfare and Development (DSWD) and other government agencies.
THE National Food Authority is expected to earn P557.3 million following its council-approved increase in its selling price of rice to the Department of Social Welfare and Development and other government agencies.'The higher selling price agreed to by DSWD will help not only reduce NFA losses but also give additional resources to buy more palay from farmers,' Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement.In 2023, the NFA suffered a P6.
Thus, it would help boost the NFA's rice buffer and increase farmers' income, Lacson noted, while assuring the rice price increase of P38 a kilo from the previous P25 for DSWD and other relief agencies and local government units won't have an impact on its market price.
To Earn P557.3M From Higher Rice Price
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