“We will see to it that prices will drop and this is the start where people can buy quality rice at the level of P27. With more P27 rice from the NFA, it will impact the price in the market,” Dar said.
Under the rice tariffication law, the NFA was stripped off its powers as quantitative restrictions were removed. The agency’s function is just to stock rice to be released during calamities. It will no longer directly sell rice. However, Dar clarified that the NFA has imported more than 3.8 million bags before the law was passed.The agriculture chief said the NFA will be raising the support price of palay from P17 to P19 per kilo for clean and dry palay.
Dar said the P2 increase in the palay price support will translate roughly to an P8,000 additional income per farmer based on current average yield of 4 bags per hectare.
Imported?! So gusto nyo talagang patayin ang local farmers nten noh