Lawmakers called on the national government to boost the rice buffer stock of the NFA “in a mix of both domestic sources and imports” as the agency projects the country’s rice inventory will fall by yearend to 45 days’ worth of consumption. Know more:
LAWMAKERS on Monday called on the national government to boost the rice buffer stock of the National Food Authority “in a mix of both domestic sources and imports” as the agency projects the country’s rice inventory will fall by yearend to 45 days’ worth of consumption, below its 90-day mandate.
For his part, Ang Probinsyano Rep. Alfred Delos Santos said the best way to ensure rice supply is to buy buffer stocks from local farmers. Moreover, Salceda backed the NFA’s call for an expansion of the government’s rice-buying operations—subject to close coordination with the Department of Social Welfare and Development.
To ensure, however, that the NFA’s buying program—which places a 2- to 3-peso premium on farmgate prices—does not accelerate inflation, the government may need to source its rice from imports during the lean season—but not for the rest of the year, Salceda said. “Let’s do the lean season of July to August, just to be sure. But for the rest of the year, let the private sector do what it needs to do,” he argued.
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