The region had sufficient rice stock as of the third quarter
amounting to 1.6 million bags of rice. This will last up to 39
days based on the 41,080 bags daily consumption requirement. The
third quarter palay procurement generated 72,836 bags of palay
valued at P61.9 million. NFA distributed a total of 42,418 bags
of well milled rice to retail outlets. The presence of good
quality low-priced rice from the private sector and the rice
Importation program resulted to the low rice distribution of
NFA.
The province of Albay participated in the Agri-Pinoy Rice
Program. For the quarter 18,631 metric tons of rice was
harvested in 5,129 hectares of irrigated rice lands. Corn
production in the province totalled 6,506 metric tons.
Abaca fiber production increased by 56.17 percent compared to
the production during the same quarter of last year. Favorable
weather and acceptable prices to buyers and sellers brought
renewed interest in abaca production. All abaca-producing
provinces in the region posted increments for the period.
Catanduanes maintained its spot as the top producer of abaca
with 40,961 bales or 85 percent of the total.
