The Bureau of Fisheries and Aquatic Resources (BFAR) has closed off the waters off the Zamboanga peninsula from fishers for two months beginning mid-November.
Rice stowed in two warehouses and allegedly sold at an exorbitant price of P1,320 per 25-kilo bags were jointly inspected by the Bureau of Customs' (BOC) Intelligence and Investigation Service (CIIS), the Enforcement and Security Service (ESS), the Port of Manila (POM) Legal Service, the Philippine Coast Guard and barangay officials.
The Bureau of Customs-Port of Zamboanga (BOC-POZ) forfeited 42,180 sacks of rice worth P42 million following a raid of a warehouse in Brgy. San Jose Gusu, Zamboanga City.
The potential for the Philippines to top China as the world's largest rice importer has scandalized local farm groups who said on Thursday this was not something to be proud of.
The Federation of Free Farmers (FFF), acknowledged as the country's largest and most effective group of rural farmers, fears the inquiry into the proposal to reduce the tariff on rice is nothing more than a sham show.