The Philippines is set to declare a food security emergency on rice, allowing the National Food Authority (NFA) to release 150,000 metric tons of rice from its buffer stock. The move aims to ease high rice prices and ensure market stability. Local government units (LGUs) will be responsible for distributing the rice to consumers at P38 per kilo.
While the target release of rice from the National Food Authority is next week once the food security emergency is declared, availability to consumers would be up to local government units , the Department of Agriculture said Friday."You cannot really say na makaka-avail agad. Depende kung sinong LGU ang may intent na bumili o talagang bibili. Kasi meron namang LGU na nakabili na sila. Meron namang LGU na kulang ang pondo," Agriculture Secretary Francisco Tiu Laurel Jr. said.
That is very welcome dahil mababawasan na mga laman ng warehouse at matutuwa na rin mga farmers dahil makakabili na ang NFA ng bigas mula sa kanila kasi meron ng paglalagyan," Tiu Laurel said."And releasing 300,000 tons of rice to the market within six months will ease or soften the market at hopefully bumaba pa ng konti 'yung presyo ng bigas," he added.
RICE PRICES FOOD SECURITY NATIONAL FOOD AUTHORITY PHILIPPINES GOVERNMENT INTERVENTION
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