The Department of Agriculture (DA) is finalizing a bill to restore certain powers of the National Food Authority (NFA) to support the Marcos administration’s P20 per kilo rice program until 2028.
Agriculture Secretary Francisco Tiu Laurel Jr. said the bill aims to strengthen food security by allowing the NFA to better manage price volatility and supply disruptions.
The draft, requested by Speaker Martin Romualdez, seeks to amend the Rice Tariffication Law to grant the NFA regulatory authority over rice distribution, buffer stocks, and marketing.
It also plans to set a floor price for palay and enhance support for farmers’ cooperatives and rice processing recipients.
Additionally, the bill will refine DA-led rice importation protocols to ensure quick responses to supply shortages and price spikes.
Source: PhilNews24 | June 23, 2025
DEPARTMENT OF AGRICULTURE PREPARES BILL TO REINSTATE NFA POWERS
Latest from Politics
The National Bureau of Investigation (National Bureau of Investigation) has recommended that the Department of Justice
The Senate minority bloc succeeded in striking out a video from Sen. Imee Marcos’ privilege speech
An independent health reform advocate has filed plunder and technical malversation charges before the Office of
The Office of the Ombudsman has asked the Sandiganbayan to issue precautionary hold departure orders against
The National Bureau of Investigation (National Bureau of Investigation) will seek the cancellation of all firearms