<\/p>\n
THE government may release rice stocks next week following the declaration of a food security emergency, Agriculture Secretary Francisco Tiu Laurel Jr. said Monday.<\/strong><\/p>\n <\/p>\n <\/p>\n During a Palace press briefing, Tiu Laurel announced that more than 50 local government units (LGUs) had expressed their intention to procure the staple food following the declaration of a food security emergency by the Department of Agriculture (DA).<\/strong><\/p>\n <\/p>\n <\/p>\n The DA declared a food security emergency last week to stabilize the prices of basic commodities and ensure accessibility for millions of Filipino consumers.<\/strong><\/p>\n <\/p>\n <\/p>\n \u201cNag-announce tayo ng food emergency last week, and sa ngayon ay marami nang LGUs ang nag-signify ng intent. Lumalabas kasi sa procedure, may documentation na kailangan na gawin,\u201d Laurel said.<\/strong><\/p>\n <\/p>\n <\/p>\n \u201cHopefully, matapos lahat ng documentation between FTI (Food Terminal Inc.), NFA (National Food Authority) to FTI, FTI to LGU, and by next week ay maro-roll out na hopefully iyan,\u201d he added.<\/strong><\/p>\n <\/p>\n <\/p>\n The food security emergency declaration regarding rice follows the recommendations of the National Price Coordinating Council (NPCC).<\/strong><\/p>\n <\/p>\n <\/p>\n President Ferdinand R. Marcos Jr. earlier said that a declaration of a food security emergency is necessary for the market to function effectively in light of rising rice prices despite a decline in global rice costs and tariff reductions implemented last year.<\/strong><\/p>\n <\/p>\n <\/p>\n The declaration will allow the NFA to sell rice stocks to LGUs and other government agencies at a lower price, free up space in NFA warehouses, and help local farmers through palay procurement for the upcoming harvest season.<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" THE government may release rice stocks next week following the declaration of a food security emergency, Agriculture Secretary Francisco Tiu Laurel Jr. said Monday. 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