NFA plans to buy 880K MT palay, aims for record production

The National Food Authority (NFA) plans to purchase around 880,000 metric tons of palay this year to support local farmers and maintain a minimum reserve requirement of 555,000 MT rice, equivalent to 15 days' consumption.

This year, the NFA will acquire 90 new trucks, with an additional 150 trucks planned for next year to address logistical challenges and implement fast-lane services for small farmers selling less than 50 bags of palay.

As of February 2025, the NFA's total palay inventory stood at 399,701 metric tons, covering eight days' supply, marking a significant improvement from just one day before Larry Lacson took office as administrator.

The agency aims to purchase at least 300,000 metric tons of rice this year and is optimistic about hitting a record for palay production.

Agriculture Secretary Francisco Tiu Laurel Jr. emphasized the need for the NFA to regain its regulatory powers over rice retail and stock management, stating that the agency must be fully equipped to support local farmers.