NFA exceeds 100% of target palay purchase for H1 2024

MANILA – The National Food Authority (NFA) has already hit 100.06 percent of its target palay procurement for the first half of 2024.

This was after the NFA secured 3,365,245 bags of palay out of the total target of 3,363,100 bags as of June 13.

Overall, the agency has 168,262 metric tons (MT) of palay in all of its warehouses nationwide.

In a statement Thursday, NFA administrator Larry Lacson thanked farmers for taking advantage of the new pricing scheme and selling more of their produce to the agency.

"Nagpapasalamat tayo sa ating mga magsasaka na patuloy na pinag-iibayo ang pagtatanim ng palay para sa ating bansa. Gayundin sa mga kawani ng ating ahensya na masigasig na naglilingkod para matugunan ang mandato ng ahensya (We thank our farmers who continue to plant palay for our country. Likewise, our NFA personnel who diligently continue their service to fulfill our mandate)," he said.

Lacson said all NFA warehouses remain open for play procurement as the agency targets to secure 300,000 MT of milled rice for the country's national buffer stock.

"We are continuously procuring palay from our local farmers under our Price Range Scheme or PRICERS," he said.

Under PRICERS, the price per kg. for fresh or wet palay ranges from P17 to P23, and for clean and dry palay, P23 to P30.

Meanwhile, the Department of Agriculture (DA) has provided agricultural inputs and other assistance to 2,341 affected farmers and fishers in Western and Central Visayas as agricultural damage hit P151 million due to the eruption of Mt. Kanlaon.

"Best possible efforts are being undertaken to carry out assistance and appropriate interventions for the affected farmers and fisherfolk," the DA – Disaster Risk Reduction and Management (DRRM) Operations Center said in a statement Thursday.

These include the distribution of seeds, planting materials, and bio-control measures, as well as drugs and biologics for livestock and poultry; the activation of the DA's response fund for rehabilitation; and P25,000 worth of loan for each qualified beneficiary under the Survival and Recovery (SURE) Loan Program, which has zero interest and payable over three years.

According to DA-DRRM Bulletin 3, Canlaon City sustained the highest amount of damage for high-value crops, including vegetables, sweet potatoes, and spices, estimated at P101.2 million.

Losses in rice production in Canlaon City and La Castellana were valued at P47.1 million, followed by 118 heads of animal losses worth P2.17 million in Canlaon, and P562,312 worth of damage to corn production in Canlaon and La Castellana.

In terms of volume, losses were recorded at 5,583 metric tons from more than 1,595.8 hectares of affected land. (PNA)