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NFA reduces prices in disposal of aging rice
Business World Philippines
|November 17, 2025
THE National Food Authority (NFA) will take new bids for up to 58,000 metric tons (MT) of aging rice stocks in December after an "unsuccessful" first auction in September, NFA Administrator Larry R. Lacson told reporters at a briefing.
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Mr. Lacson said prices have been lowered by about P2 per age category to attract buyers, adopting a graduated pricing scheme ranging from P22.52 to P25.16 per kilo depending on the length of storage.
The auction of aging rice is meant to free up warehouse space and help stabilize supply following the suspension of rice imports. Aging rice refers to milled grain that has been stored for three months or more.
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