NFA Plans Auction of Aging Rice Stocks to Free Up Warehouse Space
Manila: The National Food Authority (NFA) has announced plans to auction off its aging rice stocks in an effort to free up warehouse space. The aging rice refers to milled rice stocks that are at least two months and a day old. According to Philippines News Agency, NFA Administrator Larry Lacson stated in a media interview that the auction would help the agency secure more space for local palay (unhusked rice) procurement from farmers during the dry harvest season. Lacson mentioned that the auction is expected to take place by the end of this month or early next month, targeting