Lower NFA price for wet harvest

The National Food Authority (NFA) will soon begin purchasing storm-damaged palay (unmilled rice) at a lower rate than its regular buying price to help offset the losses incurred by farmers from recent typhoons.

- By DEXTER BARRO II

NFA Administrator Larry Lacson said this emergency procurement will be embodied in an executive order (EO) that will be issued by President Marcos.

Lacson said the proposed EO is still under review by a technical working group within Malacañang to ensure its provisions are aligned with existing laws.

He noted that, based on the latest update, the measure is expected to be issued within the month.

“I said it should be within the month because if it takes longer, we might get overtaken by other events again, and we won't be able to catch up anymore,” Lacson said in a chance interview.