‘Let NFA sell cheaper rice in market’

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

Business News News

Business Business Latest News,Business Business Headlines

Defining the News

A party-list lawmaker has reiterated his call to restore the National Food Authority’s function to buy palay from local farmers then sell it at a lower price in the local market for as low as P37 per kilo.

“Sa pag-amyenda ng RTL , dapat ibalik na ang mandato ng NFA na pagbili ng palay sa lokal na mga magsasaka, hindi lang para siguruhin ang kita ng ating local food producers, kundi para mapababa rin ang presyo ng bigas ,” the Bicolano lawmaker said. The enactment of the RTL in 2019 prohibited the NFA from directly selling rice stocks to the market and limited its function to storing buffer stocks for calamities.During a recent briefing at the House Committee on Agriculture and Food, the Department of Agriculture expressed its commitment to study the proposal to restore the NFA power to sell cheaper rice to the public.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil prices rise, stocks slide over Iran-Israel tensionsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »