NFA prepares to procure more palay from local farmers
Entering the harvest season for this year’s main crop, the National Food Authority (NFA) prepares to procure more palay from farmers nationwide, aiming to top its target of 14.6 million bags for 2019.
According to NFA Administrator Judy Carol L. Dansal, the agency already started to procure high volume of palay from local farmers nationwide last month as wet season harvest started early in some areas.
NFA has already procured palay from early wet season harvest. For September alone, the agency has procured 621,430 bags of palay, mostly in Western Visayas and some areas in Luzon. This increased its total procurement starting January to 6.6 million bags.
“We have already reached 46 percent of our target for the year, but we are very hopeful that we can achieve 100 percent or more as the main crop traditionally yields about 70 percent of the total annual production. Historically, we buy more from farmers during the last quarter of the year, and we have increased our buying price, so our target is very attainable,” Dansal said.
NFA’s buying price for palay was already increased from P17.00 per kilogram (/kg), plus incentives up to P0.70/kg, to P19.00/kg for clean and dry palay.
The agency also buys wet palay with up to 30 percent moisture content, as well as palay with lower classification, based on the agency’s Equivalent Net Weight table.