NFA wants legislated buffer stocking

MANILA The National Food Authority (NFA) is pushing for a guaranteed buffer stocking through legislation to fulfill its mandate of ensuring national food security and stabilization.

NFA administrator Jason Aquino made the call on Tuesday during the House committee on agriculture and food’s hearing on the current rice supply and stock in the country.

Aquino said the agency’s inventory of NFA rice is running low, with the remaining supply expected to last until May.

The NFA’s policymaking council approved the additional importation of 250,000 metric tons of rice that is set to arrive in June.

The NFA is tasked to maintain the required 15-day buffer stock level for food security and stabilization of supply and prices in the market.

“With limited stocks, we cannot effectively fulfill our mandate,” Aquino said.

Source: Philippine News Agency