00:00The National Food Authority, or NFA, is confident it will soon regain the power to directly sell rice in the open market,
00:07a move strongly supported by the Marcos administration to effectively bring down rice prices.
00:14NFA Administrator Larry Lacson said that once the agency is granted the authority to sell directly to consumers,
00:21profiteering can be curbed since rice would be delivered straight to the marketplace.
00:25Currently, under the rice terrification law, NFA's rice distribution is limited to select channels such as Dikadiwa ng Pangulo Stores, Food Terminal Incorporated, and local government units.
00:38Meanwhile, as of the latest record on April 11, the NFA has a buffer stock of approximately 7.17 million sacks of rice, enough to last for nine days.
