NFA XII to hike palay buying price

April 18, 2009 1:58 am 

GENERAL SANTOS CITY, April 17 — The National Food Authority here hinted of a possible increase in the government buying price of palay (rice) to help farmers cope with the rising cost of production inputs.

Rey A. Salvatierra, NFA provincial manager, said the agency is currently studying viable figures that would be beneficial and acceptable for both the farmers and the government.

The current buying price of palay is P12 a kilo and this may go up to as much as P17 a kilo, he said.

The move is in compliance with an order by President Gloria Macapagal-Arroyo for NFA to increase the buying price of palay.

There is really a need to hike the palay buying price in order to afford rice farmers fair prices in the light of rising cost of fertilizers and other farm inputs, Salvatierra said.

It will also definitely help farmers sustain required finances for their farms until harvest season, he added.

With this, government has been pushing for the use of certified hybrid palay for planting as this helps increase the production of farmers. (PNA)

LAP/RGR/

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