Price of rice remain stable in Ilocos region

SAN FERNANDO CITY, La Union, Sept 1 (PIA) — The Price of rice in the region remain stable despite the onslaught of recent typhoon “Helen” in the province.

“The region has no noticeable increase in the price of the food staple before, during or after the typhoons since, we have sufficient inventory to meet the need of our population/people,” National Food Authority 1 (NFA-1)Regional Director Piolito C. Santos said.

He said the retail price of rice in the region remains at P28 to P37 per kilogram, while NFA rice is still being sold at a retail price of P27 per kilo based on NFA’s price monitoring reports.

“We are confident that with a steady supply of rice from both the government and traders, there would be no increase in the retail price of rice in the market in the coming months. However, the agency will continue to be watchful in checking the price of rice in the market,” Santos said.

Santos added that NFA has sufficient inventories in its warehouses to meet the region’s requirement as of now.

“We are only talking about NFA stocks here, looking at the macro-level, we could also see that there are stockpiles of commercial and household stocks. These comprised a large part of Ilocos region’s stocks making the inventory of the region enough and prepared for any eventualities that may arise,” he said.

Santos also said that the NFA is ready to provide rice requirements of local government units and relief agencies for relief operations to affected families.

He encouraged affected local government units (LGUs) to enter into a rice loan memorandum of agreement with the agency for the provision of their rice needs.

The NFA warehouses are opened during typhoons, with the agency’s operation center being activated to attend to the requirements of relief agencies and LGUs, he further said.

Meanwhile, NFA Officer Frederick B. Dulay said the NFA has been monitoring the market prices because during such situation like calamities, prices of basic commodities tend to increases. (ANL/MHH PIA1 La Union with reports from Frederick B. Dulay, NFA1)


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