The National Food Authority (NFA) exceeded the target of the agency to procure 3,363,100 bags of unhusked rice, locally known as palay, in the first six months of 2024.
NFA reported that the agency bought a total of 3,365,245 bags of palay, 100.06 percent of the target procurement, since January 2024 until June 13 of the same year.
NFA added that the warehouses of the agency throughout the Philippines store up to 168,262 metric tons (MT) of palay.
NFA Administrator Larry Lacson expressed his gratitude to local rice farmers on Thursday, June 13, and assured that the agency will continue to buy their produce through the Price Range Scheme (PRICERS) of the agency.
"We are continuously procuring palay from our local farmers under our Price Range Scheme, or PRICERS, where we buy wet palay at P17 to P23 per kilogram while we buy clean and dry palay at P23 to P30 per kilogram," Lacson guaranteed in a statement
"Nagpapasalamat tayo sa ating mga magsasaka na patuloy na pinag-iibayo ang pagtatanim ng palay para sa ating bansa. Gayundin sa mga kawani ng ating ahensya na masigasig na naglilingkod para matugunan ang mandato ng ahensya," the NFA chief added.
