The government stands to lose at least P2 billion by the end of the year from a flawed and graft-prone rice importation scheme being implemented by the Department of Agriculture (DA) through the National Food Authority (NFA), one of the country’s biggest consumer cooperatives warned.

Ang Gawad Pinoy Consumers Cooperative head lawyer Tonike Padilla revealed that if the NFA proceeds with the planned importation of another 700,000 metric tons (MT) in November to address a purported looming rice shortage, the P457 million already allegedly lost due to overpriced imported rice could easily balloon to P2 billion before the year ends.

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