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Bacolod City, Philippines Friday, August 10, 2018
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Commercial rice prices
in Negros Occ. up by P2


With the lean season for rice supply coming, prices of commercial rice in Negros Occidental increased by P2 per kilo, National Food Authority-Negros Occidental Manager Frisco Canoy said yesterday.

Canoy said that based on their recent monitoring, commercial rice prices increased due to less rice supply in the province.

He said prices of commercial well-milled rice range from P46 to P48 per kilo, while regular-milled rice costs P42 to P45 per kilo.

“Lean months are usually July to August as rice crops are still in their early stage,” he said, adding that high priced commercial rice might last until the end of the month.

NFA records also show that the commercial rice supply in the market will last for the next 45 days, basing on the average daily consumption of Negrenses, Canoy said.

However, imported NFA rice prices remain at P27 per kilo and Canoy said that all 80,000 bags allocated to Neg. Occ. have already been unloaded and the remaining 120,000 on MV Unison will be transported to Tagbilaran City in Bohol.

He said all imported rice from Thailand allocated for Negros has been unloaded and transported to the NFA warehouse in Bacolod City early morning of Wednesday, and sometime in September, about 130,000 bags will arrive in the province.

Canoy said that this time, it will be a government to private sector partnership (G2P) where the government will open the bidding to supply imported NFA rice to private corporations outside the country.

The 130,000 bags allocated to Neg. Occ. is part of the 250,000 metric tons, or in estimated 5 million bags, that will be acquired through G2P, he said.

Bidders from other countries from neighboring Southeast Asian and other rice producing countries are expected to submit their proposals to be part of this G2P partnership opened by the Philippine government, he added.

So far, in the current 80,000 supply, 20,000 bags have already been distributed to NFA retailers in the province and they are making sure that all sellers are compliant with the five kilogram per consumer mandate from NFA provincial office, Canoy said.

He added that the order, that should be strictly implemented in areas with NFA rice demand, aims to ensure that many people, especially the poor, could avail of the quality rice sold by NFA.*MLG


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