President Ferdinand 'Bongbong' Marcos Jr. has directed agriculture officials to study the feasibility of the proposal to set up silos to guarantee a 30-day buffer stock of rice and corn in the country.
President Ferdinand "Bongbong" Marcos Jr. has directed agriculture officials to study the feasibility of the proposal to set up silos to guarantee a 30-day buffer stock of rice and corn in the country.
The PSAC suggested that building mother-daughter stations for rice and corn storage across the country would complement the administration’s Food Security Infrastructure Modernization Plan to ensure sufficient stock and stable prices of rice and corn. According to Aileen Christel Ongkauko, head of the PSAC Agriculture group, the system has been used by other countries such as China, the United States, and India.
“There has been an endeavor before to make this physical but NFA has not been able to transition to that physical stock and this is where we’re going to change as part of our transformation from that, when we buffer, we actually buffer for the poor,” Bioco told the President.The NFA official said the target is to supply poor households with physical rice so that they do not have to go to the market to buy rice, which, in the end, will put "less pressure on rice prices.
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