Fishy Philippine Rice Price, Kadiwa, and Rice Imports

 by Claro Ganac

Importation stabilizes supply and therefore brings down market price.
 
That the PH currently still has P60 retail price despite the flooding of rice in markets only exposes the greed and evils flourishing in President Bongbong Marcos administration:
1. The wholesalers and importers have merged as a cartel and are therefore acting to quash competition to control market supply
2. Since this cartel controls market supply, it can raise prices like a monopoly at greatest disadvantage to Filipino consumers. But early monopoly profits of at least 33% over the normal rice prices before BBM.
 
And the.BBM administration, DTI and DA are complicit in supporting smugglers and hoarding and price manipulation.

Claro Ganac is a retired educator.

-----

In another note, the Philippines has been ironically importing rice from Cambodia en route to rice-milling Vietnam, most probably courtesy of Chinese businessmen that dominate the country's major businesses.

What has also been a consistent problem was the reported flagrant practice of Kadiwa or the National Food Authority in hoarding and eventually letting rice stocks rot in their centers. It has been noted by people living near Kadiwa centers to smell rotten emissions from the centers, and would eventually be followed by smoke from burning of these rotten stocks of rice.

Why or how the "government" system fails its taxpayers has once again become a regular question instead of a rarity. It was noted in the previous administration of President Rodrigo Duterte that big blunders were addressed fast. Except maybe for the covid19 scam (US$9.3b government loans to fund the vaccines), the LTO where not only metal vehicle plates are massively missing, but even fund for plastic driver's license IDs, and other minor cases. While PRRD had been accused as a criminal worldwide, the adage that only criminal minds can deter criminals comes to mind... 

While the current administration may be sincere in its bid to properly govern, it is not sufficiently equipped with high-caliber minds to address white collar crimes.

The Pulso News Staff

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