The country's rice supply is in 'good shape' but the buffer stock of the National Food Authority needs replenishing, President Ferdinand Marcos Jr. said on Thursday.
The country's rice supply is in "good shape" but the buffer stock of the National Food Authority needs replenishing, President Ferdinand Marcos Jr. said on Thursday.
The President, however, said the NFA’s buffer stock needed to be increased because it is currently “low.” “Ang problema, kapag sila ay pumasok sa merkado, pagsila ay namili na para i-replace yung buffer stock na ang kulang nila ay tataas naman ang presyo ng bigas dahil marami silang bibilin. Kaya’t yun ang hinahanapan namin ng paraan para i-adjust. Siguro ang magagawa natin ay ang pagbili ay hindi bigla. Hindi malaki,” he added.
“In terms of the general supply for the country, I think we are in good shape. Although we’ll still have to import, our importations have come down. Our agricultural sector is beginning to come back beyond pre-pandemic levels. And so that’s progressing nicely,” he added.
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