Live Breaking News & Updates on Ile Photo Manila Malacanang On Monday Confirmed That The Supposed Sugar Shortage In Country Is Quot Artificial And Merely Caused By Hoarding Done Unscrupulous Traders This After Simultaneous Operations Were Conducted Bureau Of Customs Boc

(File photo) MANILA - Malacanang on Monday confirmed that the supposed sugar shortage in the country is "artificial" and merely caused by hoarding done by unscrupulous traders. This after simultaneous operations were conducted by the Bureau of Customs (BOC), the Sugar Regulatory Administration, and the Department of Agriculture to inspect sugar warehouses in Deparo, Caloocan City; Balut in Tondo and San Nicolas in Manila; Rosales, Pangasinan; San Fernando, Pampanga; Ibaan, Batangas, and Davao. "The huge volume of sugar discovered by Customs agents in the various warehouses in Luzon has led Malacanang to conclude that the sugar shortage is artificial, brought about by the hoarding of sugar traders who wanted to rake-in huge profits from the sudden spike in sugar prices," the Office of the President (OP) said in a press statement. On Monday, BOC operatives conducted a raid at a warehouse located at No. 306 Kabatuhan St. along Deparo Road in Caloocan City. They also se ....

Batangas City , Davao City , Camarines Norte , Bulacan On , North Cotabato , San Fernando , Barangay Tabang , Melissa Chua , Benito Chua , Department Of Agriculture , Investigation Service , Bureau Of Customs , Sugar Regulatory Administration , Caloocan City , San Nicolas , Deparo Road , Subic Port , Customs Intelligence , Ile Photo Manila Malacanang On Monday Confirmed That The Supposed Sugar Shortage In Country Is Quot Artificial And Merely Caused By Hoarding Done Unscrupulous Traders This After Simultaneous Operations Were Conducted Bureau Of Customs Boc , He Sugar Regulatory Administration , Nd The Department Of Agriculture To Inspect Sugar Warehouses In Deparo , Aloocan City Balut In Tondo And San Nicolas Manila Rosales , Angasinan San Fernando , Ampanga Ibaan , Nd Davao Quot The Huge Volume Of Sugar Discovered By Customs Agents In Various Warehouses Luzon Has Led Malacanang To Conclude That Shortage Is Artificial , Rought About By The Hoarding Of Sugar Traders Who Wanted To Rake In Huge Profits From Sudden Spike Prices ,