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Philippine NFA boosts rice stock to eight days' supply, aims for more procurement in 2024.
The National Food Authority (NFA) in the Philippines saw significant improvements in 2024, increasing its rice buffer stock to cover eight days of supply from just one day previously.
Under new leadership, the NFA boosted palay procurement prices, saved P641 million in 2023, and improved logistics.
The NFA aims to purchase 880,000 metric tons of palay in 2024 to meet its rice buffer stock target.
The Department of Agriculture is urging Congress to fund the NFA to help stabilize rice prices.
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La NFA filipina aumenta el stock de arroz a ocho días de suministro, y tiene como objetivo una mayor adquisición en 2024.