date:Aug 12, 2014
g documents that was released by the Philippines' National Food Authority (NFA).
The NFA has been flooding local markets with its rice stocks following recent typhoons and spikes in retail prices for the grain that pushed food inflation in the country to the highest in more than five years.
The agency has allotted a budget of 10.3 billion pesos ($235 million) to import 25-percent broken, long grain, well-milled white rice for delivery in three batches between September and November.
Based on