People of the northern Philippines suffered financially after millions of pesos worth of rice soaked in the floods brought by the recent typhoon Lawin. Rice grains were not yet fully developed, and starting to shaping up when the devastating typhoon hit the country. It is impossible for the farmers to do the early harvesting.
According to the NFA, the price fell down at the rate of P11 per kilo this is applicable to the typhoon-damaged crops that could possibly benefit the agency. It is lower than the previous buying NFA buying price amounting to P17 per kilo and with an extra incentive by P0.70 per kilo.