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Under Republic Act 12078 or the law amending the Agricultural Tariffication Act, the Agriculture Secretary has the power to declare a food security emergency on rice due to a supply shortage or extraordinary increase in prices.This act shall be upon the recommendation of the National Price Coordinating Council .The law provides that the NPCC shall devise a formula to determine the existence of a rice supply shortage or an extraordinary increase in rice prices.
It can also replenish the used NFA rice buffer stock with locally produced rice from farmers or farmers' cooperatives and associations.The DA may also import rice when the available supply of locally produced rice is inadequate.
Rice Department Of Agriculture Food Security
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