00:00The rice stock of the NFA increased by 485.1% last January due to the higher buying price of rice according to the PSA.
00:09According to NFA Administrator Larry Lackson, they bought more rice from farmers due to the Flexible Procurement Scheme.
00:18The Department of Agriculture plans to export 150,000 metric tons of NFA rice stocks to LGUs and government agencies to pave the way for new rice.
00:30The NFA also started buying rice from Negros Occidental and Misamis Oriental at the price of Php 23 to Php 24 per kilo.
00:40Senator Sherwin Gatchalian urged the NFA to ensure transparency in the sale of cheap rice to avoid hoarding.
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