The National Food Authority is increasing its buying price for palay as it widens procurement measures aimed at supporting rice farmers. The agency is also raising purchase limits and preparing to deploy mobile trucks to reach remote production areas, while targeting 790,000 metric tons of procurement this year and next.
Highlights
- The National Food Authority raised its palay buying price to P30 per kilogram for clean and dry palay, up from P21 in July.
- The procurement limit increased to 500 bags per season for farmers working five hectares, aligning with average provincial yield and cultivated area.
- The NFA targets 790,000 metric tons in procurement for 2024 and 2025, securing 150 mobile trucks and potentially P10 billion extra funding to expand purchases.
Procurement price and buying policy changes
As reported by BusinessWorld Online, the National Food Authority said its buying price will rise to P30 per kilogram for clean and dry palay, with 80% of its branches now purchasing at P28 to P30 per kilogram.NFA Administrator Larry R. Lacson said fresh palay will fetch about P25 to P26 per kilogram. He also said the agency has raised the ceiling for palay procurement to 500 bags per season for farmers tilling five hectares, with the new limit based on average provincial palay yield multiplied by cultivated area.
In July, the palay buying price was set at P21 per kilogram.
Support for farmers and supply operations
The NFA is targeting 790,000 metric tons for procurement this year and the next, pointing to a broader effort to strengthen buffer stock buying and support farmgate demand.The agency has obtained 150 mobile procurement trucks to bring buying operations closer to remote production areas and farming communities. Deliveries are expected by December or early 2027.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. has also said the NFA has an additional P10 billion for more palay purchases if needed.
In our earlier report on the UN-backed plan to move fertilizer through the Strait of Hormuz, we explained that the mechanism depends on a U.S.-Iran agreement and that delays could disrupt shipments during critical planting windows. We also noted that prolonged shipping uncertainty was already pushing up costs and weighing on fertilizer use, raising the risk of tighter agricultural supplies and higher food prices in vulnerable importing regions.
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