# NFA approves palay buying prices topping out at P30/kg - BusinessWorld Online

> The Philippine National Food Authority approved palay buying prices of P23-30/kg for dry clean grain and P17-23/kg for fresh grain. NFA warehouse stocks will be auctioned at discounts to PSA monitored prices.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: policy · region Philippines · magnitude medium
- Page: https://feedsoft.ai/events/6717-nfa-approves-palay-buying-prices-topping-out-at-p30-kg-businessworld-online
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Higher government buying prices support domestic palay values and aim to let NFA compete with traders, which tightens the local rice supply. Auctions of reserve stocks partly offset this.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-01-04 | [Proposed RICE Act impact seen dependent on NFA procurement - BusinessWorld Online](https://feedsoft.ai/events/9173-proposed-rice-act-impact-seen-dependent-on-nfa-procurement-businessworld-online.md) | +6.1% | +18.2% |
| RICE | 2024-07-01 | [PHL tariff cuts could pressure global rice supply, prices — BMI - BusinessWorld Online](https://feedsoft.ai/events/29326-phl-tariff-cuts-could-pressure-global-rice-supply-prices-bmi-businessworld.md) | +0.6% | -10.3% |
| RICE | 2018-09-23 | [NFA says rice dealers do not want to sell lower-grade grains - BusinessWorld Online](https://feedsoft.ai/events/63115-nfa-says-rice-dealers-do-not-want-to-sell-lower-grade-grains-businessworld.md) | -1.0% | +11.7% |
| RICE | 2024-02-02 | [Centre keeping all options open to curb rice prices: Food secretary \| Agriculture - Business Standard](https://feedsoft.ai/events/31609-centre-keeping-all-options-open-to-curb-rice-prices-food-secretary-agriculture.md) | +3.0% | +0.6% |
| RICE | 2024-04-07 | [Govt rushes to keep food prices in check during elections - The HinduBusinessLine](https://feedsoft.ai/events/30687-govt-rushes-to-keep-food-prices-in-check-during-elections-the-hindubusinessline.md) | +6.6% | +16.0% |

## Sources

- bworldonline.com: https://bworldonline.com/economy/2024/04/11/587580/nfa-approves-palay-buying-prices-topping-out-at-p30-kg/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.