Asia Sentinel

Asia Sentinel

Rice Smuggling Threatens Indonesia, Philippines

John Berthelsen's avatar
John Berthelsen
Apr 28, 2008
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The Philippines’ massive purchases of rice at sharply increased prices from its neighbors are creating a fast-buck opportunity for traders in Indonesia, where prices are controlled, to smuggle the commodity out through Singapore for eventual sale in the Philippines.

Rice in government-controlled storage in Indonesia sells for US$436.80 per tonne at a tim…

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