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Bacolod City, PhilippinesFriday, March 25, 2011
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NFA assures:
No hike in rice prices

The Negros Occidental National Food Authority assured that there will be no increase in the prices of premium and regular milled rice in the province despite the rise of milling fees due to the fluctuation of oil rates.

NFA acting senior enforcement and investigation officer, Rodrigo Macaya, said yesterday that premium rice is still sold at P38 to P40 and regular milled rice is at P35. Even if there is an increase in the rice mill price due to oil price hike, this is not enough for retailers to raise its prices.

NFA senior grains operation officer Cynthia Luz Chua said there is enough supply of rice both from the government and commercial sector and NFA is ready to stabilize the supply and price of rice during price changes.

She said that, as of yesterday, NFA has 270,000 bags of rice ready to be distributed to local NFA stores and outlets in the province.

Selling price of regular NFA rice and NFA I-Rice is at P27 per kilo, she said. The public is also encouraged to buy I-Rice as it contained iron rice premix that provide nutritional and health benefits, she added.

I-Rice was recently launched in Brgy. Punta Taytay, Bacolod City and generated P6,507 for 241kgs, she also said.*LTG

 

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