NFA to flood markets with cheap rice to curb price hikes

Presidential Assistant on Food Security and Agriculture Modernization Francis Pangilinan has ordered the National Food Authority to flood the market with NFA rice to deter unjust price increases.

He directed the NFA to double the daily release of the staple from 12,500 bags to 25,800 bags. Regular milled rice is sold for P27 per kilo while the well-milled rice costs P32 per kilo. NFA rice is cheaper compared to commercial rice, which has shot up to an average of P45 per kilo.