Philippines to buy more unhusked rice locally
Friday, 29 January 2010
MANILA, Jan 28 (Commodity Online): The Philippines has decided to buy 2.1 million 50-kg bags of unhusked rice, locally known as palay, from local farmers starting February until April to help farmers.
In a statement issued here National Food Authority of Philippines said this is almost a fifth of the agency's full-year procurement target of 11.6 million bags.
NFA has bought 249,905 bags to date, and is aiming to buy more than half-a-million bags this month, 360,250 bags next month, 540,250 bags in March; and 696,900 bags during the peak of harvest in April.
In a statement issued here National Food Authority of Philippines said this is almost a fifth of the agency's full-year procurement target of 11.6 million bags.
NFA has bought 249,905 bags to date, and is aiming to buy more than half-a-million bags this month, 360,250 bags next month, 540,250 bags in March; and 696,900 bags during the peak of harvest in April.