NFA creates palengke watch team

By Leilanie G. Adriano

Staff Reporter

Laoag City—Before unscrupulous rice traders attempt to deceive consumers, the National Food Authority based in this city has created a “palengke watch team” to monitor rice prices and to ensure sufficient supply here.

So far, Ilocos Norte maintains an adequate supply of NFA rice with available stocks of 30,000 bags, enough to sustain the province local consumption covering the lean months of June to September, said NFA provincial manager Beverlyn Peralta.

Based on initial report of the NFA price monitoring team, Ms. Peralta said NFA-accredited outlets are selling commercial stocks from P27 toP32 and well-milled rice pegged from P40-42 per kilogram.

Compared to other provinces in Luzon, Ms. Peralta said there had been no monitored rice price hike except for premium stocks or special rice which is more expensive by at least P4 per kilogram.

Ms. Peralta said it is but natural for traders to increase prices because the buying prices of palay this harvest season also increase.

Because NFA buys palay at P17.70/kg during the harvest season, some Ilocos farmers sold their produce to Bulacan traders buying the same at P20-P25/kg.

The NFA assured rice hoarding or price manipulation is being strictly monitored in the province as the NFA regularly hold meetings with traders and millers to remind them that the rising prices of commodities are affecting millions of Filipinos.

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