MANILA, Feb. 3 -- The National Food Authority (NFA) on Monday assured it is ready to release its rice stocks under the food security emergency for rice.

The Department of Agriculture (DA) earlier said it aims to come up with the said declaration on Feb. 4 after the official transmittal of the resolution copy from the National Price Coordinating Council on Jan. 30.

"Puno ang mga warehouses ng NFA. Upang maiwasan ang pagkasira ng bigas sa ating mga bodega, kailangan natin itong ibenta at nang sa gayon ay makapamili tayo ng bagong ani mula sa ating mga magsasaka (Our warehouses in NFA are full. To prevent the spoilage of our rice in warehouses, we need to sell it so we can also buy fresh palay from our farmers)," NFA Administrator Larry La...