No cartel? BOC padlocks Bulacan warehouse storing ₧505M worth of imported rice stocks

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Amid the swirling rice cartel issue, the Bureau of Customs (BOC) has found huge bulk of suspected smuggled imported rice from various warehouses in Bulacan on Thursday. Customs Commissioner Bienvenido Rubio led the inspection of warehouses of Great Harvest Rice Mill Warehouse, San Pedro Warehouse and FS Rice Mill Warehouse…

Amid the swirling rice cartel issue, the Bureau of Customs has found huge bulk of suspected smuggled imported rice from various warehouses in Bulacan on Thursday.

Earlier, the Department of Agriculture briefed the House agriculture panel about the need to import rice to augment existing stocks in preparation for El Niño—a policy that drew criticisms from some lawmakers who asked why the Philippines would not focus instead on improving domestic production of the staple.

Earlier, DA Undersecretary for Rice Industry Development Leocadio Sebastian said during the House hearing that “I don’t believe [that] there is a rice cartel [in the country].” For his part, Intelligence Group Deputy Commissioner Juvymax Uy underscored the role of the BOC to get into the bottom of hoarding issues that drive up the cost of rice in the market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines