NFA: No rice shortage in Western Visayas-A A +A
Monday, June 23, 2014
THE National Food Authority (NFA) has assured there will be sufficient rice supply and there is no rice shortage in Western Visayas as five out of six provinces in the region are rice producers.
NFA regional officer Hedy Jardeleza said there is no case of rice hoarding in the region even if there is no price control on rice for the grain traders.
The NFA said there is a total industry inventory of 4 million bags of rice covering 1.2 million in the private sector business and 2.8 million in the households.
The current rice inventory does not include the NFA buffer stock which is more than 700,000 bags good for 14 days. Four vessels carrying 423,400 bags of imported rice from Vietnam will also arrive soon as part of assuring available stocks in July and August.
Jardeleza said the region’s harvest season starts from third week of August to December this year, thereby ensuring the region of sufficient rice supply.
NFA is selling rice at P27 per kilo of 25 percent broken grain and another P32 per kilo of 15 percent broken grain which is comparable to the prices of commercial rice in the market.
Jardeleza said there are 670 registered NFA rice outlets in the region and Iloilo has been given with 50 bags per week.