The National Food Authority in Negros Oriental has announced its new basic buying price for palay from April to May 2008.

Effective April 11, the NFA basic buying price for palay was set at P11 plus an incentive of P6 for palay farmers.

Rolando Lazalita, NFA information officer, said they will only buy palay that meets their standard requirements of dry and clean with 14 percent moisture and content.

Those who can avail of the new buying price are farmers with accredited passbooks and those who belong to accredited multi-purpose farmers’ cooperatives, Lazalita said.

Those without passbooks, he said, will have to be screened and undergo the required procedure for accreditation.

Lazalita said the palay procurement of the NFA is subject to its existing equivalent net weight factor table.

In her latest statement on the rice supply situation, President Gloria Macapagal-Arroyo assured that there is enough supply of the staple to meet the needs of the people.

The country’s rice supply is secure for the “foreseeable future”, she said.*JG

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