Aside from the higher buying price of palay, the National Food Authority (NFA) wants to increase the number of drying facilities to improve the country’s buffer stock of rice. NFA Director Larry Lacson explained that they are closely coordinating with the Department of Agriculture (DA) and the...
Following decision to raise the palay buying price last April, the National Food Authority (NFA) said it was able to boost the quantity of milled rice by 14.6 percent compared to last year’s data. In a recent NFA council meeting, over 111,720 metric tons have been raised since the middle of May,...
For lack of jurisdiction, the Court of Tax Appeals (CTA) has denied the petition filed by the National Food Authority (NFA) which sought to suspend the collection of the P143 million real property tax (RPT) levied against it by the Cabanatuan City government in Nueva Ecija. The NFA filed its...
In order to secure the target quantity for the rice buffer stock by 2025, the National Food Authority (NFA) has sought a budget of P16.3 billion next year. The Department of Agriculture (DA) recently proposed P24.85 billion to NFA, which is 77 percent higher than this year’s allocation of P14.03...
The Department of Finance (DOF) will review the proposed amendment to the Rice Tariffication Law (RTL) to ensure that the debts from the National Food Authority (NFA) do not inflate. Finance Secretary Ralph G. Recto said that the law is working, however, he noted that some tweaks should be done to...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has approved on second reading a measure seeking to amend Republic Act (RA) No. 11203, or the Rice Tariffication Law (RTL), in a bid to lower rice...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Members of the House of Representatives hailed on Tuesday, May 7 the swift passage at the committee level of a measure that aims to amend the Rice Tariffication Law (RTL) for the purpose of...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives took a huge step toward its goal of significantly reducing prices of rice for the sake of poor Filipinos on Tuesday morning, May 7. This, after the...
Sen. Cynthia Villar criticized the National Food Authority (NFA), which according to her, has not proven itself in terms of looking after rice farmers and consumers' welfare. Villar made the statement after President Marcos said he would certify as urgent the bill proposing to amend the...
(Ellson Quismorio/ MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee expects retail prices of rice to drop by as much as P20 per kilo if and when the proposed amendments to Republic Act (RA) No. 11023 or the Rice Tariffication Law...
Nueva Ecija 1st district Rep. Mikaela Angela Suansing (Ellson Quismorio/ MANILA BULLETIN) Even an author of the 2019 Rice Tarrification Law (RTL) in the House of Representatives has admitted the need to amend the controversial statute, if only...
Senator Cynthia Villar (Senate PRIB) Amending Republic Act (RA) No.11203 or the Rice Tarrification Law (RTL) will help poor Filipinos get access to cheaper rice. Deputy Majority Leader Tingog Party-list Rep. Jude Acidre and Deputy Majority...
