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Thursday, July 18, 2013

Administrator of National Food Authority (NFA) Orlan Calayag today said the public should not panic or even worry over the supply and rising price of rice in the markets throughout the country. 

“We have an adequate supply of rice that is more than sufficient enough to last the lean months this year,” said Calayag in a statement after having reported that the country’s total stock inventory for the staple is at 2.4 metric tons, which has an equivalent of 483,840 sacks.

“This registered available rice supply is good to last for 71 days based on the country’s daily domestic requirement of 34,000 metric tons or an equivalent of 680,000 sacks,” he added.
Meanwhile, in order to ensure that there will be no speculations to drive the price of rice in the markets, Calayag ordered NFA field offices to strictly monitor rice movements and prices in markets nationwide. (DA)

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