Philippine Passport Gains Global Recognition For Its Unique Design

Ipinagmamalaki ng Pilipinas ang kanyang maroon na pasaporte, tampok ang agila na simbolo ng ating lakas at kalayaan.

Batanes Urged To Follow Bhutan-Inspired Low-Impact, High-Value Tourism

Maaaring maging inspirasyon ng Batanes ang Bhutan sa pagtutok sa mga pasyalan na nakatuon sa kalidad at kasaysayan ng lugar.

Senator Bats For Stronger French-Philippines Ties On Sustainable Blue Economy

Umaasa si Senador Loren Legarda sa mas matibay na ugnayan ng Pilipinas at France patungo sa sustainable blue economy.

Dinagat Islands Funds PHP4 Million In College Scholarships

Nagbigay ang Dinagat Islands ng PHP4 milyon para sa 394 scholars sa Don Jose Ecleo Memorial College. Pagpapaunlad sa sistema ng edukasyon.

Malacañang Backs Stronger NFA Market Powers

Ang Malacañang ay nagbibigay suporta sa mas malawak na kapangyarihan ng NFA sa merkado, kabilang ang direktang pag-aangkat ng bigas.
By The Mindanao Life

Malacañang Backs Stronger NFA Market Powers

747
747

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Malacañang on Wednesday expressed support for the restoration of the National Food Authority’s (NFA) power to directly import rice to strengthen its market capability.

In a press briefing, Palace Press Officer Claire Castro acknowledged the challenges faced by the grains agency after it lost the power to import rice directly due to the Rice Tariffication Law.

She said the NFA is now hampered by the requirement to go through local government units (LGUs) before acting on rice importation needs.

“Maganda sana po kung mabigyan muli ng authority ang NFA kasi nawalan po talaga sila ng power para po umangkat ng bigas. Sa ngayon po, lahat ng gagawin ng NFA dapat munang dumaan sa LGU. Hindi kasi nakakadiretso ang mga farmers, daraan muna sila sa LGUs (It would be better if the NFA will have its power to directly import rice back. At present, everything they do must go through the LGUs. The farmers cannot go directly to them),” Castro said.

Castro said the NFA should have more direct control over rice imports to better respond to market needs and support local farmers.

“Mas maganda po talaga na mas mabigyan ng power ang NFA. I hope mapag-aralan ito ng Kongreso, itong Rice Tariffication Act, para maayos at mabigyan ng tamang authority ang NFA (It would really be better for the NFA to have that power again. I hope Congress could review the Rice Tariffication Act to once again empower the NFA),” she said.

The Department of Agriculture has been calling for the restoration of the NFA’s market regulatory functions as a means of making rice cheaper.

The Rice Tariffication Law, enacted in 2019, liberalized rice imports and removed the NFA’s authority to intervene in the rice market, replacing it with a system of tariffs.

The law barred the NFA from releasing its rice reserves onto the market. It also revoked the NFA’s licensing powers over rice market participants.

However, the law has been met with criticism for reducing the NFA’s ability to regulate rice prices and ensure adequate supply, particularly during lean months. (PNA)