{"id":5576,"date":"2023-04-14T10:42:25","date_gmt":"2023-04-14T10:42:25","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=5576"},"modified":"2023-07-19T10:49:17","modified_gmt":"2023-07-19T10:49:17","slug":"nfa-wants-to-import-330000-metric-tons-of-rice","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/nfa-wants-to-import-330000-metric-tons-of-rice\/","title":{"rendered":"NFA wants to import 330,000 metric tons of rice"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><a href=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/04\/image-41.png\"><img decoding=\"async\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/04\/image-41.png\" alt=\"\" class=\"wp-image-130656\"\/><\/a><figcaption class=\"wp-element-caption\">A rice seller inspects the stocks of rice at a warehouse in Quezon City on April 10, 2023.<\/figcaption><\/figure>\n\n\n\n<p>MANILA, Philippines \u2014 The National Food Authority (NFA) is pushing for the importation of&nbsp;330,000 metric tons of rice in anticipation of a&nbsp;deficit in the country\u2019s buffer stock this year, Malaca\u00f1ang said yesterday.<\/p>\n\n\n\n<p>A Palace statement quoted agriculture officials as saying that the&nbsp;proposed buffer stock of rice is equivalent to nine days of national consumption from July 2023 onwards.<\/p>\n\n\n\n<p>The proposal&nbsp;would also&nbsp;ensure enough volume for calamity and relief requirements from July to December this year, the statement added.<\/p>\n\n\n\n<p>\u201cThe NFA is proposing the importation of 330,000 MT of rice to cover an expected deficit in the country\u2019s buffer stock for the relief operations of various agencies in the event of calamities this year,\u201d the Presidential Communications Office statement said.<\/p>\n\n\n\n<p>\u201cGiven the NFA\u2019s budgetary constraints, the agency expects its buffer stocks will decrease to less than 500,000 sacks by July 2023, which is equivalent to less than a day of public consumption,\u201d it added.<\/p>\n\n\n\n<p>Under the NFA\u2019s proposed rice importation strategy, rice importation arrangement can be undertaken through government-to-government transactions, either through the Office of the President or its designated agency.<\/p>\n\n\n\n<p>Republic Act 1203 or the Rice Tariffication Law&nbsp;has scrapped the regulatory and import licensing issuance functions of the NFA and reduced its mandate to emergency buffer stocking of rice purchased solely from local farmers, and allowed the private sector to freely import rice subject to a tariff.<\/p>\n\n\n\n<p>At Malaca\u00f1ang where he met with agriculture officials, Marcos, who chairs the NFA Council, said, \u201cIt seems that our situation is good. We will not lack rice. We are looking at ways to control the prices of rice so it won\u2019t increase that much.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, Philippines \u2014 The National Food Authority (NFA) is pushing for the importation of&nbsp;330,000 metric tons of rice in anticipation of a&nbsp;deficit in the country\u2019s buffer stock this year, Malaca\u00f1ang said yesterday. A Palace statement quoted agriculture officials as saying that the&nbsp;proposed buffer stock of rice is equivalent to nine days of national consumption from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5577,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[160],"class_list":["post-5576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-export"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NFA wants to import 330,000 metric tons of rice - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFA wants to import 330,000 metric tons of rice - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"MANILA, Philippines \u2014 The National Food Authority (NFA) is pushing for the importation of&nbsp;330,000 metric tons of rice in anticipation of a&nbsp;deficit in the country\u2019s buffer stock this year, Malaca\u00f1ang said yesterday. 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