Stock Markets

DSWD to receive 490,000 sacks of rice from NFA

DSWD to receive 490,000 sacks of rice from NFA – BusinessWorld Online


      
      
      
      
      








CAR.DSWD.GOV.PH

THE Department of Agriculture (DA) said on Tuesday it will supply the Department of Social Welfare and Development (DSWD) with 490,000 sacks of rice for its feeding program and relief operations.

The rice will be provided to the DSWD between June and December, the DA said in a statement.

It said the drawdowns from the National Food Authority (NFA) will allow the grains agency to buy more palay (unmilled rice) from farmers.

“This clears space in our warehouses and allows us to buy more palay at fair prices,” it said.

Social Welfare Secretary Rexlon T. Gatchalian said his agency requires 35,000 sacks of rice monthly to keep its repacking hubs in Pasay and Cebu operational.

NFA stocks currently exceed 8 million sacks — “pushing storage to near capacity,” the DA said.

The DA recently expanded its P20-per-kilo rice program to include minimum-wage earners as beneficiaries.

The DSWD on Monday said it has integrated the initiative into its food stamp program and was in the process of compiling the list of approved retailers such as Kadiwa outlets and small agricultural cooperatives. — Kyle Aristophere T. Atienza

CEDTyClea





You May Also Like

Finance

Gary Neville is known to most as a football legend – a stalwart of Manchester United and England, a leader on the pitch, and...

Stock Markets

PHILIPPINE President Ferdinand R. Marcos, Jr. met with Laos Prime Minister Sonexay Siphandone on May 26 as part of the 46th ASEAN Summit and...

Stock Markets

TikTok Shop marked a major milestone with the Summit Pilipinas 2025 on May 19, with the theme “Empowering Growth through Tailored Business Solutions.” Held...

Finance

British athleisure brand Tala has suspended a planned £5 million investment in the US after being blindsided by a sudden shift in American tariff...

Exit mobile version