THE National Food Authority (NFA) is expected to earn P557.3 million following its council-approved increase in its selling price of rice to the Department of Social Welfare and Development (DSWD) and other government agencies.
"The higher selling price agreed to by DSWD will help not only reduce NFA losses but also give additional resources to buy more palay (unmilled rice) from farmers," Agriculture Secretary Francisco Tiu Laurel Jr. said in a statement.
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