Rice price may trigger unrest
March 23, 2008Govt in denial about ‘crisis’
By Efren L. Danao, Senior Reporter
Another senator, Mar Roxas 2nd, is also concerned about rice supply, saying the Arroyo government is in denial about the rice crisis. Like Legarda, he is proposing several measures to address the problem.
Legarda said, “Rice is an extremely sensitive political commodity. There is no question a big surge in the staple’s price is bound to spur social unrest and political instability going forward.”
Legarda, chairman of the Senate Committee on Economic Affairs, said the Philippines set off the big surge by awarding a tender for rice at $708 per metric ton or about P30 a kilo, up nearly 50 percent from the price it paid in late January.
The Department of Agriculture earlier acknowledged that rice retail prices rose at least P3 per kilo versus a year ago, and some of the rice supplied by the National Food Authority was being repacked by unscrupulous traders and sold at much higher prices in the open market as commercial rice.
