Manila: The Negros Oriental Chamber of Commerce and Industry (NOCCI) on Thursday expressed confidence that there is an adequate rice buffer stock in the province, despite a temporary importation ban ordered by President Ferdinand R. Marcos Jr.

According to Philippines News Agency, NOCCI president Edward Du stated that the President’s order of a 60-day ban on rice importation starting September 1 would not significantly impact local businesses. Du explained that this measure is intended to allow local rice farmers to sell their produce during the harvest season. He assured that, based on past experiences, rice importers and local traders have a sufficient supply that can last beyond the 60-day period.

Du expressed his support for the ban, emphasizing that it would facilitate farmers in selling their rice to local traders, creating a mutually beneficial situation. He dismissed concerns about potential rice hoarding, especially of premium quality rice, noting that the prices of rice have actually decreased in recent months. For instance, a 50-kg sack of imported premium rice, which was previously sold at PHP2,500, is now priced at PHP2,000.

However, Du did raise concerns over the possible closure of rice mills in the province, attributing this to high overhead costs. While he could not provide specific figures, he mentioned that NOCCI has received reports indicating that only a few rice mills remain operational, which could pose a challenge for local farmers. Additionally, he noted that while the National Food Authority (NFA) purchases palay (unhusked rice), many farmers choose not to sell their rice to NFA, opting instead to retain it for personal use or sell it directly in the market.