NFA, target magpalabas ng 150-K metric tons ng bigas sa oras na ideklara ang National Food Security Emergency

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Transcript

00:00The target of the NFA is to produce 150,000 metric tons of rice, or more than 3 million sacks, in the next 6 months.

00:10This is in time for the declaration of the National Food Security Emergency regarding the rising price of rice.

00:19According to NFA Administrator Larry Lacson,

00:23the buffer stocks will be issued to government and local government units,

00:27especially in places where the price is still high.

00:31The official also explained that their warehouses may also help in preparing for the upcoming period

00:39that will end in mid-February.

00:42If NFA agrees, this buffer stock will be sufficient for the time of calamity or disaster.

00:49Under the Rice Tarification Law,

00:53the 15-day rice buffer stock must be maintained.

00:57Currently, the target price of rice purchased is P23 per kilo.

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