Philippine rice producers are encouraged to sell their produce to the National Food Authority (NFA) in a bid to attain the country’s 100 percent rice sufficiency target by 2014.

Maria Elaine M. Respecio, an NFA economist in Davao City , said Davao Region has a total rice inventory of more than 270,000 sacks.

Of the total, 95 percent are imported mostly from Vietnam while the other five percent are sourced locally from Davao del Sur, Davao del Norte, Davao Oriental and Compostella Valley .

As of October 24, some 13,600 sacks of rice were sold by local farmers to the agency to increase rice supply sourced locally and to reduce rice imports.

Different NFA buying stations were also set up, and farmers could sell their products at the price of 17 pesos per kilo.

The agency is also creating incentives to encourage more farmers to sell their rice produce to them.

The NFA will give farmers an additional 20 centavos a kilo if they deliver rice to buying stations and another 20 centavos a kilo if delivered dry. If they belong to a cooperative, they get another 30 centavos a kilo.-VNA