Cheap rice in Palawan indicates adequate supply

Because of the absence of competition in prices, the National Food Authority (NFA) in Palawan said it also resulted to fixed prices of NFA rice with regular milled remaining at P27 per kilogram, while well-milled rice is settled at P32. (Photo//Palawan News)

 

The price of rice in Palawan market remains steady, proving supply sufficiency in the province amidst the strongest El Niño phenomenon in history that is embittering the country.

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According to Edmund Enrique, provincial manager of the National Food Authority (NFA)-Palawan, the price of commercial rice in Puerto Princesa and the whole of the province is nailed at a range of P31 to P33.

Enrique said most of the rice produce are good varieties, and are newly harvested.

“It’s the harvest season that is why the prices of sacks of rice have gone down. If the price of commercial rice is good, and its newly-harvested, then consumers will patronize them,” said the provincial NFA manager.

Because of the absence of competition in prices, he said it also resulted to fixed prices of NFA rice with regular milled remaining at P27 per kilogram, while well-milled rice is settled at P32.

The NFA-Palawan assures rice sufficiency in the province since, based on recent inventory, they still have 120,000 sacks in stock that would suffice for 17 days of consumption in the entire province.

“Walang dapat ikabahala ang mga mamamayan sa Palawan kasi bukod sa may buffer stocks ang gobyerno, patuloy pa ang pamimili natin ng palay, kaya lalaki pa ang ating imbentaryo (People in Palawan have nothing to worry about because aside from the buffer stocks of the government, we continue to buy palay; our inventory will still increase),” said Enrique.

For the entire province, he assured that the stocks can meet the terms of the 54-day consumption of the whole province.

Currently, rice sufficiency level in Palawan is pegged at 121%. However, rice traders are more inclined to sell it out of the province. This is the reason why the government is importing from Vietnam and Thailand.

“We are waiting for the awarding of the milling contract this is why this coming November and December, we will tie up with local rice producers; local rice will be available here,” he added.


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