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 Commission on Elections (Comelec) has ordered former chairperson Sheriff Abas to explain allegations of vote-buying
The National Bureau of Investigation (NBI) and the Office of the Ombudsman are investigating a possible
Sen. Panfilo “Ping” Lacson said new witnesses have approached the Office of the Ombudsman to provide
Sen. Loren Legarda’s spokesman, lawyer Tony La Viña, said there is no criminal basis for the
Sen. Bong Go urged Philippine athletes competing in the 20th Asian Games and 5th Asian Para