Agriculture Assistant Secretary and spokesman Arnel de Mesa told The STAR yesterday that the Rice Tariffication Law (RTL) removed all the regulatory powers of the NFA.
"The NFA has at least six million bags (of rice). If only the NFA has the opportunity to sell rice, it can sell in the market at P30 (per kilo). It cannot do it as it will violate the law and will even be charged," De Mesa said.
He added that under the RTL, the NFA is only allowed to sell its stocks to the Department of Social Welfare and Development, Office of Civil Defense and local government units.
"To prevent the rice stocks from aging, we have the P29 program to release some of the stocks but the volume is not that big. We will have the next harvest season and if the stocks will not be released, it will be difficult for the NFA to procure (palay again from the farmers) because of so many stocks and this is where we will have possible problems," De Mesa noted.
This story is from the December 16, 2024 edition of The Philippine Star.
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This story is from the December 16, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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