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Tiger

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NFA-10 increases market participation to 12%

March 14, 2021 Uncategorized

CAGAYAN DE ORO CITY, May 5 (PIA)–The National Food Authority (NFA)-10 increased its usual 5-10 percent market participation to 12.4 percent to respond to coronavirus disease (COVID)-19 contagion.

As an agency mandated to maintain rice buffer stock to be sourced solely from local farmers for calamities and emergencies, NFA-10 Regional Director John Robert R. Hermano reported the status of NFA rice buffer stocks in the region which will last up to two more months during the Logistics Task Group-Northern Mindanao Regional Task Force for COVID-19 tele-conference, May 1.

He also reported that from March to April 29 this year, the region has already released 97,453 bags in 50 kilograms NFA rice to various government relief agencies such as the Department of Social Welfare and Development (DSWD) and its local units, local government units (LGUs), and some legislators for their COVID-related relief operations. 

Milling activities of the palay procured last cropping season also continues to increase the level of rice inventory.

Hermano likewise assured the sufficient rice supply of NFA in the region despite the continuous withdrawals of these agencies as NFA’s inventory will be replenished by the ongoing palay procurement. (NFA10/PIA10)

source https://pia.gov.ph/news/articles/1040952

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