Saturday, September 24, 2005

Palay Buying Via e –Trading

The National Food Authority is introducing the “e –Trading’ method of buying and selling palay to help rice farmers. According to Mr. Dempe Teofilo of NFA, “e –Trading” works this way.
While on Aklanon farmer is waiting for a buyer to purchase his palay at a better price, the farmer may deposit his harvest in the NFA – Aklan warehouse. Storage will be free for the first four (4) months. However, after four months, the farmer starts paying storage fee according to Ms. Judith Tindog of NFA.
As soon as his rice is sold to a buyer, the buyer can withdraw the palay at any NFA warehouse nearest the buyer. For example, an Aklanon farmer deposited his palay in NFA warehouse, Linabuan Sur, Banga. When a buyer from Iloilo City buys that palay of an Aklanon farmer, the buyer can withdraw that quantity and class of palay available in NFA warehouse in Iloilo City. He does not need to haul that palay in Banga to Iloilo City. /MPmailto:madyaas_pen@yahoo.com

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