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PIA Press Release
2009/10/30

Western Visayas contributes 1.2M bags to country's rice stocks

DA says supply is sufficient

Iloilo City (30 October) -- The National Food Authority ((NFA) ) in Western Visayas has 1.2 million bags of rice in its warehouses as of October 28 as its contribution to the national inventory of stocks of the staple cereal, which is "enough to feed the whole population for more than 30 days."

NFA Regional Director Miguel Wycoco said palay harvests are also ongoing in the region and their agency's direct procurement is adding an average of 7,600 bags of palay daily to the regional stocks, added Wycoco.

Based on the inventory of all government stocks in the country, Secretary Arthur Yap of the Department of Agriculture (DA) assured Filipinos that the country's rice supply is stable.

Yap made the assurance during the send-off ceremony of the Luzon relief caravan initiated by President Gloria Macapagal-Arroyo Thursday, October 29.

As of the third week of October, the NFA has 24 million bags, sufficient for the next six months, based on the agency's average daily sales of 128,307 bags.

The volume is equivalent to 34 days' food security requirement, based on the country's daily need of 35,400 metric tons or 708,000 bags.

Yap said that apart from the stocks held by NFA's 500 warehouses all over the country, ongoing harvests in the Visayas and Mindanao will boost the inventory.

The government also has started importing rice and initial shipments will arrive by January 2010.

"All in all, we are looking at about 140 days' worth of stocks," he stressed, as he sought to allay fears that rice inventory may not be enough. (OPS/PIA 6-JSC) [top]

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