Agriculture Secretary Francisco Tiu Laurel Jr. has announced that the P20-per-kilo subsidized rice program will utilize a P5 billion contingency fund from President Ferdinand Marcos Jr.'s office.
The Office of the President has authorized the release of this fund to Food Terminal, Inc. (FTI), which will manage the distribution of rice sourced from the National Food Authority (NFA) to local government units (LGUs) and Kadiwa outlets.
FTI is allocated P4.5 billion for rice procurement and P500 million for logistics and packaging.
The program, initially piloted in the Visayas, will now also be rolled out in Kadiwa outlets.
The NFA currently sells rice to LGUs at P33 per kilo, with FTI and LGUs expected to contribute approximately P6.50 each to cover the price gap for the P20 per kilo selling price.
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