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RICE in CRISIS

May 5, 2008

Rice
Image Take from: http://keetsa.com
There is a rice crisis in the country, or at least in my part of the country.
According to my mother’s cousin-in-law, who btw is involved in the rice trade industry, harvest is at a low. She also says that there is no possibility that rice is being hoarded around here. The police have raided several warehouses, but they have not found any evidence of hoarding. Besides, the size of warehouses here would not be able to contain such massive quantities of rice so as to gain a decent profit.
This, however, is not the case in Luzon. Even with the recent law against hoarding several warehouses there have been found to hoard thousands of sacks of rice while their owners wait back until the price ceiling has been reached when they’ll release the overpriced commodity. Sadly, in their greed they have also allowed thousands of sacks of unmilled rice* to rot.
Apparently, Visayas seems to be also feeling the crunch of the crisis. Several investors have just come to Mindanao to buy rice. May justice overtake them if they do this for the purpose of hoarding.

*Rice has to be milled to remove their husks. Milling prepares the rice for cooking. It also increases the rice’s shelf life.

One comment

  1. That is so sad. Hoarders, in my opinion, are guilty of economic sabotage and should be charged with treason.



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