NFA-W.Pangasinan ready to buy palay

By March 26, 2019Business, News

FARMERS already have a ready buyer for their harvested palay – the National Food Authority (NFA)-Western Pangasinan.

Provincial Manager Ramon Cuaresma said the offer to buy is in support of the administration’s thrust to give the farmers a ready market for their produce and enjoy a better profit margin.

NFA has been buying palay at the support price of P17.00/kilogram (kg) plus P0.20/kg drying incentive; P0.20-P0.50/kg delivery incentive depending on the distance of the farm to the collecting point/NFA warehouse; P0.30/kg Cooperative Development Incentive Fund; and the P3.00/kg Buffer Stocking Incentive (BSI).

Cuaresma said the additional BSI is in line with the directive of President Rodrigo Duterte to increase NFA’s rice buffer stock primarily through local palay buying.

The approval of Republic Act 11203 or the Rice Liberalization Law has trimmed down NFA’s functions, requiring the agency to focus on buffer stocking for calamities and emergencies, and sourcing its buffer stocks from local farmers.

NFA said farmers’ organizations and individual farmers may deliver their palay produce to the any of following: Alaminos GID Warehouse in Brgy. Pandayan, Alaminos City; Mangatarem GID Warehouse in Brgy. Umangan, Mangatarem; Ferrer Warehouse in Brgy. Maniboc, Lingayen; and Unique Warehouse in Brgy. Malabago, Mangaldan. (PIA Pangasinan)

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