Rice

The country’s rice supply crunch will worsen unless the government takes significant steps to address the problem, US-based Standard Chartered Bank said.

StanChart chief executive officer Eugene Ellis believes the rice situation could lead to other problems.

"We think the rice problem will exacerbate and could lead to social problems. Hunger is something that carries social and economic problems," Ellis told reporters in a recent briefing.

He said the government should be particular in solving the issue by taking major steps such as addressing the rice hoarders.

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