Prices of rice exported from Vietnam slipped for a second straight week as fresh supply tickled in from ongoing harvest, while Indian rates stay put near record high levels amid limited supplies.
The National Food Authority (NFA) on Wednesday rejected claims of anomalous transactions at the agency, saying nothing is irregular about selling aging rice stocks at its warehouses.
Free market miscreants are running circles around authorities selling smuggled onions online on one hand and profiting from allegedly stolen rice from out of government-owned warehouses operated by the National Food Authority (NFA).
To mitigate the adverse impact of the El Niño phenomenon in Mindoro, Agriculture Secretary Francisco P. Tiu Laurel, Jr., on Monday mobilized a rapid response team to deliver urgent aid to the island’s farmers and fisherfolk. The deployment aims to provide immediate relief and assess agricultural damage caused by the prolonged dry spell.