Concerns over Philippine government's capacity to buy rice stocks

  • 📰 gmanews
  • ⏱ Reading Time:
  • 26 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 68%

Agriculture News

Philippines,Rice Stocks,Farmers

The Philippine Chamber of Agriculture and Food Inc. (PCAFI) expressed worry on Thursday over the government’s capacity to buy rice stocks from farmers following the suspension of over 100 National Food Authority (NFA) officials and employees.

The Philippine Chamber of Agriculture and Food Inc. (PCAFI) expressed worry on Thursday over the government’s capacity to buy rice stocks from farmers following the suspension of over 100 National Food Authority (NFA) officials and employees. In Bernadette Reyes’ “24 Oras” report, PCAFI said several NFA warehouses are currently closed. “Ang worry namin, talagang pag binarat kasi talagang bababa ng below P20 'yan, no? Walang tatakbuhan ang farmers.

Kapag kasi may NFA di makaporma 'yung trader, may pupuntahan eh. May pupuntahang iba, 'yung gobyerno. Mamimili siya eh. Kahit na konti lang ang kaya niyang bilhin, at least namimili pa rin siya,” PCAFI president Danilo Fausto said. (We worry because traders can push for a P20 sale of the rice stocks. But if the NFA will buy the stocks, the traders cannot do that.) “Ang traders nag-aano sila na huwag masyadong ibaba,” Faustino added. (Traders will not push for that if the government buys the stocks

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:

 /  🏆 11. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines