00:00Albay representative Joey Salceda, chairman of the House Committee on Ways and Means,
00:05stated that the most serious case of manipulation of the price in agriculture
00:08happened under the Duterte administration.
00:11He said that the import permit of rice in 2016 to 2018
00:15was the reason for the increase in the price of rice in 2018.
00:19Salceda insisted that this manipulation
00:21was a result of the confusion of the previous administration.
00:24He also announced the formation of a super committee
00:26to investigate the manipulation of the price
00:29and smuggling of food.
00:30Salceda requested documents from the NFA and the Bureau of Customs
00:34regarding the importation of rice at that time.
00:37He was aware that the Supreme Powers will use it if necessary.
00:41Salceda said that the economy lost P88.6 billion
00:46because of the manipulation.
00:47The issue only escalated when the Rice Tarification Law was implemented in 2019.
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