NFA Ends Sale of Rice at P18.25 Per Kilo

Manila (9 July) -- The National Food Authority (NFA) in Bikol effected the transformation of all Tindahan Natin Outlets (TNOs) and Tindahan sa Parokya Outlets (TSPs) into Bigasan Sa Barangay Outlets (BBOs) and Bigasan Sa Parokya Outlets (BPOs) to distribute NFA rice at the regular price of P25.00 per kilogram effective June 24, 2010.

This was in compliance with the instruction of erstwhile Administrator Jessup P. Navarro received last June 23.

Until last June 23, TNOs and TSPs were selling rice to their respective target beneficiaries in the barangays at P18.25 per kilogram from their NFA rice allocations bought at P16.75 per kilogram

Due to the heavy subsidy given to the TNOs and TSPs, NFA bore the huge cost of social function serving the poorest of the poor which added up to its financial losses.

In line with this directive, BPOs shall maintain its name under the Community Based Outlets category and shall likewise be selling the same price as that of the regular NFA's accredited regular outlets at P25.00 per kilogram.

All TNO and BPO operators are advised to see the nearest NFA office for further information and instructions on their new increased allocations and the replacement of their billboards and retailer's passbooks. (NFA V/PIA)