The National Food Authority (NFA) is preparing to procure more palay from farmers nationwide to top its target of 14.6 million bags for 2019 as the main harvest season of the crop arrives.
Judy Carol Dansal, NFA administrator, in a statement said the agency has procured palay from early wet season harvest.
For September alone, NFA procured 621,430 bags of palay, mostly in Western Visayas and some areas in Luzon.
“This increased our total procurement starting January to 6.6 million bags,” Dansal said.
Based on data from the NFA, palay procurement in the first nine months of the year is already over 8,000 percent higher than the 80,920 bags procured for the same period in 2018.
“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
She said NFA also assures farmers it will buy more stocks but did not provide numbers.
Last month, the NFA Council (NFAC) increased to P19 per kilogram from P17 the support price procurement for clean and dry palay. The P3.70- per kg, Incentives were, however, abolished .
The P3 per kg buffer stocking incentive, P0.20 per kg drying incentive; P0.20 per kg delivery incentive and P0.30 per kg as cooperative development incentive fee were abolished.