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NFA to import 900,000 MT of rice to meet 2005 needs
Daily Tribune
The government is set to import a total of 900,000 metric tons of rice for 2005, National Food Authority (NFA) Administrator Gregorio Tan Jr. said yesterday. Of the 900,000 MT of rice that is set to arrive, according to Tan, 700,000 MT will be imported by the NFA while the remaining 200,000 MT will be done by farmers and the private sector. Of the 700,000 MT, the NFA chief told a news briefing, some 320,000 MT will be subject to bidding to beef up the agency's buffer stock to assure that the country has enough supply of rice for next year. Tan said the imports would come in tranches, with the first tranche arriving in February next year and the second between March 31 and April 15, 2005. The bidding will be conducted by the second week of January. Meanwhile, Tan assured the public that supply and prices of rice remain stable despite the consecutive typhoons which had devastated palay-producing regions in the country. He said the food agency has in its warehouses some 6.5 million bags or 327,116 MT of rice equivalent to 12 days' security stock if it were to solely supply the daily national rice requirement of 27,000 MT. The NFA chief added those affected by typhoons “Unding,” “Violeta,” “Winnie” and “Yoyong” are assured there are sufficient rice stocks to be distributed for relief operations in their areas. Tan said the NFA in Cagayan Valley has in its warehouses some 145,148 bags of rice and 132,500 bags of palay; NFA in central Luzon, 289,014 bags of rice and 98,992 bags of palay; NFA Southern Tagalog, 169,890 bags of rice and some 1.36 million bags of palay; and NFA Bicol regional office, 341,911 bags of rice and 78,622 bags of palay. He also assured the public that the prices of rice will remain stable despite speculations that the staple will cost more due to the recent typhoons that hit the country. Tan said NFA rice remains visible and accessible in its accredited outlets both in major and minor markets. The agency has distributed 214.839 million bags of government rice through the Tindahan ni Gloria sa Barangay, Targeted Rice Distribution Program (TRDP) outlets, Tindahan ni Gloria Rolling Stores (TGRS) and its regular accredited and licensed outlets. Tan said he had instructed NFA field officials in the typhoon-devastated areas to reactivate local operation centers to safeguard NFA stocks, properties and employees and coordinate with local government units, Department of Social Welfare and Development, Philippine National Red Cross and regional disaster coordinating centers to conduct rice relief operations.
MGR Archive 7.12.2004
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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