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NFA Iloilo exceeds 2015 procurement target by 200%
- Saturday, January 9, 2016
- By Lilibeth French (JCM/LAF/PIA6-Iloilo)
ILOILO CITY, Jan. 8 (PIA6) - - The National Food Authority (NFA) in Iloilo has exceeded its palay procurement target by 200 percent for 2015.
The agency was able to buy some 224,913 bags of palay or about 124,913 more of its 100,000 bags target for the year.
NFA-Iloilo Manager Erna Abello said this accomplishment is very far from their accomplishment in 2014 where their palay procurement was very low.
“We are proud of our accomplishment last year, our warehouses are now full of palay, so anytime we could mill and these bags of palay are locally procured from our farmers,” said Abello.
She attributed the significant increase to the deligence and dedication shown by personnel especially those involved in the mobile procurement where some has to stay for about four days in far-flung areas of the province just to serve the farmers.
Also, to the intensified campaign on palay procurement undertaken by the agency, higher buying price and incentives given to farmers.
Based on current survey, the price of palay in the market is at P15/kilogram while the government’s buying price is at P17.00/kilogram with additional incentives of 20 centavo per kilogram for drying, 20 to 50 centavos per kilogram for delivery and 30 centavos per kilogram for Cooperative Incentive Fee.
Abello said for the first semester of 2016 it is expected that the demand for NFA rice is lower due to abundant supply in the market, however, the demand is expected to rise by May or June, during the lean months.
Currently, the rice stock inventory in the province is at safe level that will last for 135 days, according to Abello.