Thursday 19 July 2018
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7 days ago

NFA wants to import another 500,000 MT of rice to boost inventory

The National Food Authority (NFA) is planning to import another 500,000 metric tons of rice to boost its record-low inventory. In a press conference, NFA Administrator Jason Aquino---who heads the management body of NFA---said they would ask the NFA Council in a meeting next Tuesday (July 17) to allow the importation of 500,000 MT of rice as early as possible. If approved, this would bring the agency s imports for 2018 to 1 million MT. It got clearance for two tranches of rice importation at 250,000 MT ea

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