Tag page - palay procurement

As the first half of 2024 draws to a close, the National Food Authority (NFA) is poised to surpass its procurement target, driven by the increased purchasing price of rice. NFA Acting Administrator Larry Lacson said that they are expecting to reach a palay procurement level of 3.08 million or...

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...

State-run Land Bank of the Philippines (LANDBANK) is lending P500 million to the local government unit (LGU) of Pangasinan largely to help the province buy more palay direct from farmers. A statement showed that LANDBANK signed a P500-million loan agreement with Pangasinan LGU particularly to...

The National Food Authority (NFA) is behind its palay procurement target for the year, but the agency’s chief is not worried at all since the overall demand for state-subsidized rice has been declining. NFA Administrator Judy Dansal said in a text exchange that for this year, the NFA is targeting...