DA to Release 150,000 Metric Tons of NFA Rice Stocks to Mitigate High Prices
Manila: The Department of Agriculture (DA) is set to release 150,000 metric tons of National Food Authority (NFA) rice stocks to mitigate high prices and address potential food security emergencies. The initiative aims to stabilize rice prices in areas most affected by cost surges. According to Philippines News Agency, the plan involves distributing around three million 50-kilogram bags over six months. This strategy aims to counteract the rising rice prices and ensure that the affected regions have access to affordable rice. The DA is also set to procure palay at PHP23 per kilo in the coming months, aligning with the