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Business > Top Business
Aging rice stocks to be sold at lower prices
By Janine Alexis Miguel
Feb 29, 2024 12:27 am

The National Food Authority (NFA) Council said it had allowed the sale of aging rice stocks at a price lower than the mandated price following Agriculture Secretary Francisco Tiu Laurel Jr.'s order to investigate alleged improper rice sales.

The NFA Council said the disposal of aging rice stocks by up to 10 percent lower than the mandated price of P22.50 to P25.00 per kilo while damaged stocks by at least P6.50 per kilo.

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