'We need to know if there is truly some basis to accusations that hoarders are responsible for the spike of rice prices in the market,' said House Speaker Martin Romualdez who joined the inspection
hoarders manipulating the price of rice, the Bureau of Customs inspected three warehouses in Bulacan on Thursday, August 24, and found these stocked with suspected smuggled imported rice.
The warehouse owners were barred from retrieving the stocks until they could show documents proving these were legitimate rice importations. “We need to know if there is truly some basis to accusations that hoarders are responsible for the spike of rice prices in the market,” said Romualdez. “Inspections such as these send a powerful signal to all the hoarders and manipulators out there to stop burdening the Filipino people for profit.”
Meanwhile, Marikina 2nd District Representative Stella Quimbo expressed fears over the possible “cartelization” among private rice importers taking advantage of the lean supply season.
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