‘Bad actors involved in rice importation still on the loose ’

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‘Bad actors involved in rice importation still on the loose ’ - Business Mirror

Quick Summary:

THE overall chairman of the Murang Pagkain Supercommittees at the House of Representatives lamented that the "biggest agricultural price manipulation case,” involving alleged rice importation anomalies during the Duterte administration that cost Filipino consumers billions, has remained unresolved.

The signs of cartel activity were clear—import permits were cornered, private stocks built up, and prices allowed to rise,” Salceda explained.“It does not take a genius to see that the resulting price crisis was deliberately concocted.

While rice prices have decreased by 40 centavos per kilo since the tariff reduction in July, Salceda argued that this is insufficient.“The same bad actors from 2016-2018 are still on the loose, and I suspect they’re still in business,” he said.