500,000-ton hike in rice imports set | Inquirer Business

500,000-ton hike in rice imports set

Second rice tender agreed on, says PH food security chief

MANILA, Philippines–The National Food Authority is preparing for a second rice importation tender this year, this time for 500,000 tons.

The NFA Council, the agency’s highest-level decision-making body, has yet to provide details on the new tender, which would add to the 800,000 tons that were bought from Vietnam last April.

Council chair Secretary Francis Pangilinan, who is also presidential assistant on food security and agricultural modernization, earlier announced that the NFA had decided on a “repeat order” of 200,000 tons from the Vietnamese suppliers.

Article continues after this advertisement

Pangilinan later told reporters that the NFA was also considering an additional order for yet another 200,000 tons—bringing the new import volume to 400,000 tons.

FEATURED STORIES

But following the NFA Council meeting held on Tuesday, he announced that the volume has climbed to 500,000 tons.

According to Pangilinan’s office, the council was convened for a strategic planning to lay down policy reforms in the NFA.

Article continues after this advertisement

Further, the former senator said the NFA also decided on immediately increasing the release of rice stock to 10,000 tons daily from 6,000 tons previously amid efforts to temper the overall increase rise in prices of the staple grain.

Article continues after this advertisement

“To make the NFA rice accessible to the consumers, the NFA will also [put up selling outlets in] government agencies and corporations,” Pangilinan said.

Article continues after this advertisement

According to NFA monitoring, well-milled rice sold by private-sector suppliers is fetching as high as P45 a kilo, particularly in the cities of Pasig and Marikina as well as adjacent towns of Rizal province.

In these areas alone, the NFA said it has increased the number of accredited outlets to 173, which all together account for an average of 3,500 bags of NFA rice daily.

Article continues after this advertisement

While the NFA has turned around from limiting rice importation amid government efforts to attain self-sufficiency in rice production, the Department of Agriculture is aiming for rice harvests to reach a total of some 59.7 million tons in the three years to 2016.

This means that at close to 20 million tons yearly, the domestic rice output would top the all-time high of 18.44 million tons set in 2013.

According to Agriculture Assistant Secretary Edilberto de Luna, who is director of the government’s national rice program, the target harvest for 2014 is pegged at 19.07 million tons.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

The DA’s target for 2015 is for 4.92 million hectares and for 2016, 20.52 million tons.

TAGS: Francis Pangilinan, National Food Authority (NFA), Philippines, rice, rice imports

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.