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Bacolod City, Philippines Saturday, May 12, 2018
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NFA NegOcc chief explains
buffer stock of 250 sacks
BY MARK L. GARCIA

 

The National Food Authority-Negros Occidental clarified yesterday that the remaining 250 sacks as buffer stocks in the province are due to the high demand for cheap NFA rice, and the continuous increase in the price of commercial rice.

Provincial manager Frisco Canoy said in a statement yesterday that, last week, about 3,000 bags of rice were disposed as they saw a big demand from consumers for low-priced NFA rice in the market.

Earlier reports said that NFA-Neg. Occ. should have 3,000 bags as buffer stocks but they were told by the central office to fully sell them out.

Canoy said the remaining 250 sacks will be reserved for calamities that may come to Negros, citing the recent activities of Mt. Kanlaon.

Imported rice is expected to arrive in Negros on the third or fourth week this month and it will eventually be sold to consumers, probably in June, he said.

NFA allocated 80,000 bags, or 4,000 metric tons, of imported rice to the province, from the 250,000MT that will be bought by the government, Canoy said.

Recognizing this situation, Canoy said that they deemed that it is not necessary to hold on to a big inventory as buffer stock, as 80,000 bags of rice will arrive in the province.*MLG

 

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