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NFA rice auction clears up about 16,000 MT in warehouse space
Business World Philippines
|December 10, 2025
THE National Food Authority (NFA) said it awarded around 315,000 bags, or nearly 16,000 metric tons (MT), of ageing rice in a public auction on Friday, clearing warehouse space for the procurement of freshly harvested palay (unmilled rice).
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According to the NFA, the auction drew 30 prospective bidders for over 618,000 bags of rice. Only 27 bidders eventually participated, and 13 were deemed qualified, with 14 dropped for submitting insufficient bid bonds, faulty documents or offers below minimum volume.
Winning bids fell within the agency's expected price range of P22.52 to P25.16 per kilo, according to the NFA.
This story is from the December 10, 2025 edition of Business World Philippines.
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