Over 200,000 sacks of rice at Manila port up for auction

Rappler.com

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Over 200,000 sacks of rice at Manila port up for auction
The sale of confiscated rice will also help congest the Manila International Container Port

MANILA, Philippines – About 200,193 sacks of smuggled rice confiscated by government last year will be up for auction beginning Thursday, September 11, to help decongest the ports of Manila, the Bureau of Customs (BOC) said.

Manila International Container Port (MICP) district collector Elmir Dela Cruz said they hope to raise P299.69 million in proceeds from the rice stocks impounded between October and November 2013.

The rice stocks were taken into the country illegally by Bold Bidder Marketing, Jade Bros. Farm and Livestock, and San Carlos Multi Purpose Cooperative, said Dela Cruz.

On Thursday, 180 container vans of glutinous rice and 205 container vans of white rice will be divided into 9 lots and auctioned off.

The following items, which are available for viewing in a pre-bid conference on Wednesday, September 10, are up for bidding:

  • 40 x 20 ft. containers of glutinous rice seized from Bold Bidder Marketing, more or less 20,795 sacks and offered at a floor price of P35.98 million;
  • 40 x 20 ft. containers of glutinous rice seized from Bold Bidder Marketing, more or less 20,800 sacks and offered at a floor price of P35.99 million;
  • 40 x 20 ft. containers of glutinous rice seized from Bold Bidder Marketing, more or less 20,800 sacks and offered at a floor price of P35.99 million;
  • 30 x 20 ft. containers of glutinous rice seized from Bold Bidder Marketing, more or less 15,600 sacks and offered at a floor price of P26.99 million;
  • 30 x 20 ft. containers of glutinous rice seized from San Carlos Multi Purpose Cooperative, more or less 15,598 sacks and offered at a floor price of P26.99 million;
  • 60 x 20 ft. containers of white rice seized from Bold Bidder Marketing, more or less 31,200 sacks and offered at a floor price of P40.31 million;
  • 60 x 20 ft. containers of white rice seized from Bold Bidder Marketing, more or less 31,200 sacks and offered at a floor price of P40.31 million;
  • 15 x 20 ft. containers of white rice seized from Bold Bidder Marketing, more or less 7,800 sacks and offered at a floor price of P10.07 million; and
  • 70 x 20 ft. containers of white rice seized from Jade Bros. Farm and Livestock, Inc., more or less 36,400 sacks and offered at a floor price of P47.03 million.

Floor prices of each sack of glutinous and white rice were pegged at P1,730 and P1,292, respectively.

“However, as the rice to be auctioned it is still subject to ongoing cases, proceeds from the auction will be held in trust by the Bureau of Customs,” said Del Cruz.

Winning bidders, said Dela Cruz, would be required to pay 50% of the bid price on the spot through cash or manager’s check “as duly certified to by the Auction Committee and the Commission on Audit representative.” Half of the balance must be paid on the next day.

In August, the BOC auctioned 676,350 kilograms of smuggled garlic following President Benigno Aquino III’s order to check whether smuggled garlic seized by authorities could be released for domestic consumption to bring down garlic prices. – Mick Basa / Rappler.com

 

 

 

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