House leaders back NFA Council abolition 37 SHARES Share it! “One of the main reasons why we have a rice shortage now because [is] because the NFA Council took five months to approve the request of NFA to import rice. The NFA Council is composed of representatives from 11 government agencies, including the BangkoSentralngPilipinas (BSP), Departments of Finance (DOF), and Department of Trade and Industry (DTI). Another fault being attributed to the NFA Council is its refusal to raise the government’s maximum buying price for rice from local farmers. Speaker Gloria Macapagal-Arroyo said the House would work on the request of the Chief Executive to abolish the NFA Council.

Source: Manila Bulletin September 13, 2018 08:37 UTC