NFA eyes over P500-M add’l revenue with higher selling price
Manila: The National Food Authority (NFA) on Wednesday said it could gain PHP557.3 million in additional revenue with the implementation of a higher selling price. This came after the NFA Council approved the increase in the selling price of NFA rice to PHP38 per kilogram, from the previous PHP25/kg, to the Department of Social Welfare and Development (DSWD). ‘The higher selling price agreed to by the DSWD will help not only reduce NFA losses but also give it additional resources to buy more palay from our farmers,’ DA Secretary Francisco Tiu Laurel Jr. said in a statement. NFA Administrator Larry