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More than P3 billion have been lost due to agricultural smuggling in 2023, President Ferdinand ''Bongbong'' Marcos Jr. said on Thursday.Marcos made the remark during the signing into law of the Anti-Agricultural Economic Sabotage Act. He stressed that economic sabotage in the agricultural sector was ''not simply a tale of dubious deals and inflated profits; it manifests as well as hunger, desperation, as betrayal.
''In 2023 alone, we lost over three billion pesos to agricultural smuggling --- staggering amount,'' he added.Marcos also said that in less than nine months of 2024, authorities have seized over P230 million worth of smuggled agricultural products.
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