Author: DA Press Office | 22 February 2026
The National Food Authority (NFA) successfully auctioned off nearly 90 percent of its aging rice stocks on Friday,February 20, generating higher-than-target revenues and freeing up warehouse space for fresh palay procurement.
Agriculture Secretary Francisco P. Tiu Laurel Jr., who also heads the NFA Council, welcomed the strong turnout and results. “But more important than the revenue the auction raised is the space it cleared in warehouses that will allow NFA to buy more…