The National Food Authority (NFA) is looking to increase its buying price for locally grown palay or unhusked rice, the Department of Agriculture said, as reported by Philstar Biz .
The move aims to support farmers who are grappling with higher input costs for fertilizers, fuel, and other agricultural essentials. The NFA's current buying price has been cited as insufficient to cover production expenses, leading to calls for an adjustment.
If implemented, the higher palay price could encourage more local production and help stabilize rice supply in the country. The Department of Agriculture has yet to announce the specific amount or timeline for the potential increase.