NFA to buy 800,000 bags of palay in Bicol

LEGAZPI CITY — The National Food Authority is aiming to buy 800,000 bags of palay harvested by local farmers in Bicol up to December.

NFA Bicol Assistant Regional Director for Operations Jose Guevarra said the procurement target is a self-imposed task after traders in the region lowered the buying price to P14 per kilo for dried and P11 for wet palay.

Guevarra said the NFA’s buying price for dry palay is pegged at P17 per kilo. “The NFA has bought 170,000 bags of palay since July.”

The agency is now operating 19 warehouses all over the region to accommodate the expected surge of palay sellers. Six of them are in Camarines Sur and nine in Albay.

Under the Department of Agriculture’s procurement program, 58,000 bags of palay were initially targeted, but this was raised to 166,000 then to 340,000 until the target was raised to 800,000 bags. NFA/PIA release

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