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
Newly appointed Department of Public Works and Highways (DPWH) Secretary Giovanni Lopez has reshuffled key officials,
President Ferdinand Marcos Jr. has ordered the Department of Justice to prevent delays in releasing qualified
Malabon and Caloocan received multiple awards for their healthcare programs during the Local Health System Recognition:
The Office of the Ombudsman has ordered Cebu City Mayor Nestor Dionson Archival Sr. to pay
Sen. Kiko Pangilinan has urged government agencies and local government units to prepare and preposition relief