The bill considers P2.5 million as the minimum threshold for hoarding, profiteering, cartelizing and other acts of market abuse involving agri-fishery products.
Authorities seized more than a thousand sacks of illegally imported white onions during an inter-agency operation by the PNP National Capital Region Police Office-Regional Special Operations Group , Bureau of Customs and Bureau of Plant Industry at a stock room in Divisoria, Manila on December 3, 2022.
In House Bill 9284, smuggling is considered an act of "economic sabotage" punishable by life imprisonment. The bill also amends the current anti-agricultural smuggling law to include fishery and tobacco products in the category of agricultural goods. Current laws set the threshold at P10 million for rice and P1 million for other goods, including onion and sugar.
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