NFA allots P2.3B for intensified palay-buying nationwide

With the onset of the harvest season, the National Food Authority has allotted an initial P2.3 billion as Cereal Procurement Fund (CPF) to finance an extensive palay-buying operations nationwide.

"We are ready to set up more funds should there be a need to buy more palay," NFA Officer in Charge Tomas R. Escarez said.

Escarez said the NFA hopes to buy 2.6 million bags of palay from local farmers nationwide from September to December 2016. The NFA buys palay at P17 per kilogram with additional incentives of at least P0.70 per kilogram broken down as follows: Cooperative Development Incentive Fee (CDIF) P0.30; Drying Fee, P0.20; and a Delivery Fee of P0.20.

"We shall be focusing our procurement operations on the 35 provinces across the country with surplus production identified by the Philippine Statistics Authority (PSA)," Escarez said. These provinces include: Abra, Ilocos Norte, Ilocos Sur, Eastern and Western Pangasinan, and La Union in Region 1; Kalinga, Cagayan, Isabela, Nueva Vizcaya, Allacapan, Ifugao, and Quirino in Region 2; Aurora, Bataan, Nueva Ecija, and Tarlac in Region 3; San Jose and Mamburao in Occidental Mindoro, Oriental Mindoro, and Palawan in Region 4; Camarines Sur in Region 5; Antique, Capiz, and Iloilo in Region 6; Biliran and Northern Leyte in Region 8; Zamboanga del Sur and Zamboanga Sibugay in Region 9; Bukidnon in Region 10; Davao Oriental in Region 11; North Cotabato and Sultan Kudarat in Region 12; Maguindanao in the Autonomous Region in Muslim Mindanao (ARMM); and Agusan del Sur in the Caraga Region.

Escarez said farmers may deliver their palay produce directly to any NFA office near them. If this is not possible, he said, the NFA will send mobile procurement teams to buy palay directly from them.

The NFA has 337 buying stations operated by its 87 provincial and 15 regional offices nationwide ready to accept palay for sale from farmers anywhere in the country.

Source: Philippine Information Agency

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