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Agriculture Sec. Francisco Tiu Laurel on Tuesday said the National Food Authority should intervene in the market amid the rising cost of rice.
“And if we are to make computations on the current price of rice and its retail price,” Laurel said, “there appears to be a need for intervention to keep traders honest.” Laurel said he agrees with Villar that authority can also be granted to President Ferdinand Marcos Jr. , but he said the latter is “very busy with so many things.”
Villar has been strongly objecting to giving back powers to the NFA due to bad experiences. She said the agency has been hounded with several controversies and issues, and failed to help the country’s small farmers. She suggested to hand over the power to the President rather than the NFA.
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