World · Philippines Bureau
NFA sets P30/kg palay buying rate across Ilocos region
The National Food Authority is purchasing clean, dry palay at P30 per kilogram across four Ilocos provinces, with a slightly lower rate for Abra. The week-long buying program began Monday.
LSN Philippines ·
The National Food Authority (NFA) has announced palay procurement rates for the Ilocos Region, offering P30 per kilogram for clean, dry rice in La Union, Pangasinan, Ilocos Norte, and Ilocos Sur. The buying program, which commenced Monday, will run for one week.
In the Cordillera province of Abra, the NFA is offering a lower rate of P29 per kilogram, according to an advisory issued by NFA Region 1. The differentiated pricing reflects regional market conditions and procurement strategies.
The initiative aims to support local farmers and ensure adequate grain supply across the Ilocos Region. The buying rates represent the agency's effort to stabilize palay prices during the harvest season while maintaining its buffer stock operations.