Tiu Laurel heads off critics of NFA rice auction

Tiu Laurel heads off critics of NFA rice auction

MANILA, Philippines — The Department of Agriculture (DA) is bracing for criticism ahead of the planned auction of aging National Food Authority (NFA) rice stocks scheduled for October. “Make no mistake—we expect critics to pounce the moment we hold the auction,” Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement on Wednesday. “They’ll say […]...Keep on reading: Tiu Laurel heads off critics of NFA rice auction

NFA SETS OCTOBER AUCTION OF AGING NFA RICE STOCKS

The National Food Authority (NFA) is preparing to auction off up to 60,000 metric tons of aging rice stocks in October, aiming to prevent spoilage, free up warehouse space, and support rice supply amid an import suspension. Agriculture Secretary Francisco Tiu Laurel Jr., who chairs the NFA Council, said the move aligns with President Ferdinand Marcos Jr.’s order to halt rice imports for two months starting September 1 to lift palay prices, espec…