Rice stock.

National Food Authority administrator Larry Lacson says the agency will exceed its first-half procurement target of 3.08 million 50-kilogram bags of palay, aided by the recent decision of the NFA Council to increase the buying price of the national staple. On April 11, the NFA Council raised the procurement price to a range of P23 to P30 for clean and dry palay from P19 to P23, while the buying price for fresh and wet was increased to P17 to P23 from P16 to P19.