LEGAZPI CITY — The National Food Authority (NFA) in Bicol has allotted P700 million for the procurement of palay from local rice farmers in the region.
“The palay price would range from P19 to P10 per kilo, depending on the quality of palay the farmers are selling,” said Henry Tristeza, director of NFA in Bicol.
He said NFA offers the farmers the prevailing buying price of P19 per kilo of well-dried palay and P10 per kilo of wet palay.
There are eight NFA buying stations in Bicol, and five more would be set up during the peak harvest season starting October until December.
The NFA warehouses have 205,000 bags of rice as buffer stocks for nine days.
Tristeza said consumers could also purchase NFA rice in all accredited rice retail outlets without limit. /lzb