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NFA defends sale of cheap rice; farmers slam ‘mafia’

The National Food Authority yesterday defended the sale of rice to some traders, saying the NFA is allowed to dispose of aging stocks amid the alleged anomalous sale of rice to traders......»»

Category: newsSource:  philstarRelated NewsFeb 28th, 2024

Philippines to import less rice this year – USDA

The United States Department of Agriculture (USDA) has lowered its rice import forecast for the Philippines to 3.9 million metric tons (MT) as it expects the country to have a better harvest than earlier projected......»»

Category: financeSource:  philstarRelated NewsApr 13th, 2024

Philippines to import more rice – USDA

The United States Department of Agriculture (USDA) hiked its rice import forecast for the Philippines to 3.9 million metric tons this year, driven by bigger purchases from Vietnam......»»

Category: financeSource:  philstarRelated NewsFeb 9th, 2024

House probe on irregular sale of NFA rice set on March 7

The House agri committee will investigate on Thursday the disadvantageous sale of 75,000 sacks of deteriorating or aging rice by the NFA......»»

Category: newsSource:  philstarRelated NewsMar 6th, 2024

Belle Corp sets PLC tender offer price at P0.85/share

Belle Corp and Premium Leisure Corp were both voluntarily suspended for the day yesterday after BEL disclosed details of its proposed tender offer to acquire PLC’s public float and eventually delist PLC from the exchange......»»

Category: financeSource:  philstarRelated NewsMar 21st, 2024

Belle to start P5.3 billion tender for PLC shares

Belle Corp., one of the portfolio investments of the Sy family’s SM Investments Corp., will start tomorrow its P5.3 billion tender offer to buy out the minority shareholders of subsidiary Premium Leisure Corp. , which will result in the latter’s delisting from the Philippine Stock Exchange......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

NFA ordered to submit documents on P93 million rice sale

Ombudsman Samuel Martires on Thursday went to the National Food Authority main office in Quezon City to personally serve a subpoena that would compel the agency to submit several documents in connection with the alleged anomalous sale of P93.75 million worth of NFA rice to two traders......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Vietnam s Q1 rice export up 42 pct in value

HANOI, April 10 (Xinhua) -- Vietnam exported over 2.1 million tons of rice, up 42 percent year-on-year in value, in the first quarter of this year, VnExpress reported Wednesday, citing the Ministry of Agriculture and Rural Development. The country earned 1.4 billion U.S. dollars from exporting rice during the cited period, said the report. The Philippines was the biggest importer of Vietnamese rice, accou.....»»

Category: newsSource:  manilanewsRelated NewsApr 13th, 2024

Remove the chaff from the grains

Other than the questioned selling of the buffer stock of rice to traders, what’s happening at the National Food Authority (NFA)? With 132 of around 2,000 NFA officials and employees all around the country suspended for six months without pay, this agency attached to the Department of Agriculture (DA) is struggling to stay relevant in the over-all schemes of the government on food security......»»

Category: newsSource:  philstarRelated NewsMar 25th, 2024

Over 250 bets battle it out in PPS Gov. Castro Cup netfest

The spotlight shines on emerging talents from Western Visayas with over 250 entries across nine singles age-group categories competing in the Gov. Fredenil Castro Cup National Junior Tennis Championship at the Villareal Stadium hard courts in Roxas, Capiz......»»

Category: sportsSource:  philstarRelated NewsApr 18th, 2024

250 tennisters maghinampakay sa Baddicts

250 tennisters maghinampakay sa Baddicts.....»»

Category: sportsSource:  abscbnRelated NewsFeb 23rd, 2024

Philippines may import onions amid armyworm infestation

The Philippines might have to import up to 60,000 metric tons of onions as 45 percent of plantations are affected by harabas or armyworm infestations that worsened due to El Niño, according to the Philippine Chamber of Agriculture and Food Inc. ......»»

Category: newsSource:  philstarRelated NewsMar 14th, 2024

DTI rolls out the Rice on Wheels Program in coordination with Bulacan rice millers and traders

The Department of Trade and Industry (DTI), in coordination with Bulacan rice millers and traders, will officially roll out the “Rice on Wheels Program for Retailers” to ensure the availability of affordable regular and well-milled rice to the general public......»»

Category: newsSource:  samarnewsRelated NewsFeb 27th, 2024

Rice imports reach 56,090 metric tons in January

At least 56,090 metric tons (MT) of imported rice have arrived in the country as of Jan. 11, the Bureau of Plant Industry reported......»»

Category: newsSource:  philstarRelated NewsJan 26th, 2024

2024 rice imports hit 570,000 MT

The country’s rice imports have reached almost 570,000 metric tons as of mid-February, surpassing the total imported volume in the first two months of last year by over 40 percent......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2024

NFA head, 138 others suspended

National Food Authority administrator Roderico Bioco and 138 other officials and employees involved in an alleged anomalous sale of NFA rice to two traders were placed yesterday on preventive suspension for six months......»»

Category: newsSource:  philstarRelated NewsMar 5th, 2024

‘Probe past NFA admins’ billion-peso palay sales’

Farmers’ group Federation of Free Farmers national manager Raul Montemayor asked Agriculture Secretary Francisco Tiu Laurel Jr. to include in the ongoing probe on the National Food Authority (NFA)’s questionable rice sale to some traders the alleged billions of pesos worth of fresh palay sold during previous administrations......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

Laurel tells officials in NFA controversy to file leave

The administrator of the National Food Authority and another official who had accused him of illegally selling NFA rice to selected traders have been asked to take a leave of absence while an investigation is ongoing......»»

Category: newsSource:  philstarRelated NewsMar 2nd, 2024

Complaint filed at OP exposes ‘mafia’ at NFA

The unraveling of the alleged “mafia” inside the National Food Authority started with the filing of a formal complaint at the Office of the President accusing NFA Administrator Roderico Bioco of being behind the alleged questionable sale of rice to some traders......»»

Category: newsSource:  philstarRelated NewsFeb 29th, 2024

‘NFA lost P112 million after rice sale to traders’

The National Food Authority has incurred losses of at least P112 million after the sale of 150,000 bags of rice at only P25 per kilo to some traders, according to a farmers’ group......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024