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Statutory import liberalization is inadequate for pork and rice
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Published July 29, 2021, 12:52 PM
The Department of Agriculture (DA) has inaugurated two new National Food Authority (NFA) warehouses in the country’s top rice-producing province, Nueva Ecija.
Such a development, according to Agriculture Secretary William Dar, will support the government’s efforts to bring the Philippines’ rice sufficiency level up to 95 percent, as well as accommodate the additional one million metric tons (MT) of palay the country is targeting to produce for this year.
NFA Administrator Judy Dansal and DA Secretary William Dar lead the inauguration of a new NFA warehouse in Nueva Ecija
Each warehouse, which was inaugurated on Wednesday, has a capacity to store 100,000 sacks, and is expected to help intensify NFA’s palay procurement and buffer stocking.
Published July 16, 2021, 1:21 PM
Despite an expected increase in rice production and imports, the Philippines’ rice inventory had slipped by 7.5 percent or to 2.58 million metric tons (MT) as of May.
The latest data from the Philippine Statistics Authority (PSA) showed that the rice stocks inventory of the country was 7.5 percent lower than the 2.79 million MT recorded in the same period last year.
Compared to the previous month’s level of 2.44 million MT, however, the current inventory was higher by 5.8 percent.
Year-on-year, rice stocks were lower in all sectors, namely household, commercial, and National Food Authority (NFA). To be specific, household stocks went down by 6.2 percent, commercial warehouses stocks by 4.0 percent, and NFA depositories by 24.2 percent.