The National Food Authority (NFA) Council, the governing body of the food
security agency, today approved to increase the wholesale price of NFA rice from P23.50 to P25.00 per kilogram (kg) effective December 7, 2010. On the retail
level, this will effectively increase the price from P25.00/kg to P27.00/kg.
The move is among the measures government is undertaking to ensure the viability
of the agency and continue fulfilling its mandate of supporting farmers to
produce enough for self-sufficiency.
NFA Administrator Angelito T. Banayo said: “We are looking at the long term
viability of NFA. The minimal price increase will go a long way in ensuring
continuous support for our farmers while stabilizing rice prices and supply
Administrator Banayo also explained that the NFA Council decided to announce the
price increase a day before its effectivity to prevent speculation among traders
which could lead to hoarding.
Banayo explained that the price increase coupled with efficient operations and
measures to prevent corruption will allow NFA to stabilize supply for food
security of our population. “If we do not take corrective reform measures, NFA
may have to cease operations and there will be no more support for farmers,” the
“Konting sakripisyo lang, dahil kung hindi natin isasagawa ang ganito, aabutin
ng bansa ang matinding kakulangan sa bigas, at lalong hindi natin mapipigilang
sumipa ang presyo,” Banayo further explained.