But NFA earlier bared a shortage in their buffer stocks
which prompted them to import additional rice supply.
He said the NFA Council made the right decision to import 250,000 metric tons of rice to increase the country's buffer stocks
, a move which Palace supported.
Grace Poe said it was obvious that Aquino failed in his job that led to near-zero buffer stocks
of the food staple and caused a spike in prices of commercial rice.
The National Food Authority (NFA) will continue to build up its food security buffer stocks
from domestic palay procurement and rice importation, if necessary, under a regime where quantitative restriction (QR) on rice has been lifted.
Hassen said that production levels were planned in co-operation with professional organizations on key consumer products as well as in stocks, underlining that the ministry has taken all necessary measures and established buffer stocks
Speaking to Khaleej Times, Al Ghurair felt that it is vital for the GCC to encourage public-private partnership in building up strategic food reserves and buffer stocks
as per capita food consumption in the region is forecast to reach 971.
Grain buffer stocks
double the amount needed as food prices rise
Essa Abdulla Al Ghurair, Chairman of Al Ghurair Resources, said, his company sees strong growth in food grain business, moving forward, as the Gulf countries are developing buffer stocks
as part of their food security programme.
Under the new system, the stock policy will be to concentrate buffer stock
at the export warehouse near the production factories, keeping only small buffer stocks
at the sales companies' warehouses.
In the short run, however, weather still is an important facto], as is the fact that INRO buffer stocks
are now exhausted.
Section 4 presents estimates of expected recurrent costs involved by different sizes of buffer stocks