NFA set to import 250,000 MT of rice
The National Food Authority (NFA) Council yesterday approved the importation of 250,000 metric tons of rice to replenish the NFA buffer stock that is used in part to help stabilize rice prices, Cabinet Secretary Leoncio Evasco Jr said. Evasco, chair of the NFA Council, said the council met yesterday morning and approved the rice importation, mainly from Vietnam and Thailand.
“The standby authority to import 250,000 metric tons is approved considering the importation should arrive after the harvest or the first week of June,” Evasco said in a press conference.
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Date: 13-Feb-2018