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NewsTranscript
00:00More than 500 containers with more than 13 million kilos of rice are stored in several districts in Manila.
00:08According to the Philippine Ports Authority, rice can now be sold in the market
00:12because the VISA-BIR and ARIPA payments have been paid to the Bureau of Customs,
00:15but the consignees have not yet been issued.
00:18There are 20 consignees on their list who own goods that have not yet been issued.
00:24The PPA has already written to the Department of Agriculture
00:27to require the consignees to issue these goods.
00:30The DA has yet to respond.
00:32In the PPA's investigation,
00:34it turns out that the consignees are waiting for the price of rice to rise.
00:41In our analysis and in our questions,
00:44most of these consignees are just waiting for the price of rice to rise in the market
00:51before they issue these goods.
00:53We can call that hoarding.
00:55That's really harming.
01:25For more UN videos visit www.un.org