DA: Rice importers may face hoarding raps
The Philippine Star|September 21, 2024
Importers face possible charges of hoarding after the Philippine Ports Authority (PPA) said 888 containers or an estimated P555 million worth of imported rice have been left unclaimed for over 20 days at the Port of Manila, the Department of Agriculture (DA) said yesterday.
Bella Cariaso, Ghio Ong

"Apparently, the consignees want to wait for the retail price of rice to go up so that their revenues will further increase. That's not right. That can constitute hoarding or they can face other charges,' Agriculture Assistant Secretary 11 Arnel de Mesa said during the Bagong Pilipinas Ngayon briefing yesterday.

He said there should be timing in the importation and distribution of imported rice to prevent problems in the food value chain.

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