a day ago
Bill seeking regulatory, marketing powers for NFA almost ready — DA
The Department of Agriculture (DA) on Sunday said it is almost done with a draft bill that aims to restore critical functions of the National Food Authority (NFA), particularly in stabilizing rice supply and prices in the country.
In a news release, the DA said the proposed bill 'reflects a strategic recalibration of government policy, reinforcing the DA's role in safeguarding food security and reviving the NFA's capacity to act decisively during periods of price volatility and supply disruptions.'
'This is one of several measures House Speaker Ferdinand Martin Romualdez asked the DA to craft to help the government advance its food security agenda—particularly the program of President Marcos to sustain P20-per-kilo rice for vulnerable sectors through 2028,' said Agriculture Secretary Francisco P. Tiu Laurel Jr.
According to the DA, the bill seeks to amend key provisions of the Rice Tariffication Law to grant certain regulatory powers to the NFA so it could better manage buffer stocks, regulate rice distribution and marketing, set a floor price for palay, and support farmers' cooperatives and recipients of Rice Processing Systems funded under the Rice Competitiveness Enhancement Fund.
The DA added the bill will also refine protocols for a DA-led rice importation to ensure the country can respond swiftly to supply shortages and sudden spikes in commodity prices.
'Critically, the measure grants the NFA greater flexibility in managing the appropriate level of buffer stock and ensuring that they are always of optimum quality—an essential tool in supporting not only the P20-per-kilo rice goal but also broader government efforts to ensure price stability and protect both producers and consumers,' the department said.
'These changes will significantly address market inefficiencies and promote fairness—especially for farmers who work the land for months but remain the most disadvantaged,' said NFA Administrator Larry Lacson. 'For the NFA, this means becoming more efficient, more responsive, and financially stronger.' —RF, GMA Integrated News
