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Due to the increase in prices of basic agricultural commodities in 1995, food price stability and food security have again emerged as a major policy concern. This paper argues that the sharp increases in prices of rice; largely the choice and management of policy instrument have caused corn and sugar. Highly protectionist policy on tariffs imposed on sensitive agricultural products is not sustainable over a prolonged period of time. Moreover, bidding out of the right to import while retaining quotas, can minimize gross errors in timing and amount of importation.

Citations

This publication has been cited time(s).

Intal, Ponciano Jr. S., Leah Francine Cu, and Jo Anne Illescas, 2012 "Rice prices and the national food authority" , Philippine Institute for Development Studies
Shively, Gerald, Richard T. Yao, and William A. Masters, 2008 "How successful are government interventions in food markets? Insights from the Philippine rice market" , Philippine Institute for Development Studies
Yao, Richard T., Gerald E. Shively, and William A. Masters, 2005 "How successful are government interventions in food markets? Insights from the Philippine rice market" , Purdue University, Department of Agricultural Economics
Yao, Richard, Gerald Shively, and William Masters, 2005 "How successful are government interventions in food markets? Insights from the Philippine rice market" , Purdue University, College of Agriculture, Department of Agricultural Economics
Abrigo, Michael R.M., 2016 "Who weans with commodity price shocks? Rice prices and breastfeeding in the Philippines" , Philippine Institute for Development Studies
Yao, Richard T., Gerald E. Shively, and William J. Masters, 2005 "How successful are government interventions in food markets? Insights from the Philippine rice market" , American Agricultural Economics Association

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Contributor

Philippine Institute for Development Studies

Authors

David, Cristina C.

Keywords

food sector; food price stability; nominal protection rate; price instability

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Jul 05, 2013

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