The Philippines has sufficient buffer stock amid the closure of some rice warehouses

Published 2024년 4월 3일

Tridge summary

The Department of Agriculture (DA) in the Philippines has confirmed that the country's rice supply remains secure despite the temporary shutdown of 97 National Food Authority (NFA) warehouses amid an investigation by the Ombudsman into alleged irregular rice sales. DA Secretary Francisco Tiu Laurel Jr. reassured the public of adequate rice buffer stocks, attributing this to recent procurements and the ongoing harvest season expected to continue until May. Efforts are underway to reopen the affected warehouses to ensure the uninterrupted operation and procurement of rice. The investigation has resulted in the suspension of over a hundred NFA officials and employees, though suspensions for two dozen were revoked after discovering inaccuracies in the data provided by the DA.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Philippines has sufficient buffer stock to fulfill the country’s rice requirement despite the temporary closure of some warehouses of the National Food Authority (NFA), the Department of Agriculture (DA) said Wednesday. DA Secretary Francisco Tiu Laurel Jr. said as of April 3, around 97 NFA warehouses remained padlocked. “As of the moment, nakabili naman ang NFA ng certain amount. So, there’s stocks available and it’s harvest season, as we all know, and harvest season will continue until May,” said Tiu Laurel in a press briefing in Nueva Ecija. (The NFA has procured a certain amount, so there are stocks available. It is also currently harvest season and it will continue until May.) “Sa report sa importations of rice, regular naman ang quantities na dumadating. Suffficient for the requirements of our country,” he said. (On importation, we receive regular quantities. We have sufficient supply for our country’s requirements.) Last month, the Agriculture Department ordered the ...
Source: Gmanetwork

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