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Rice Prices and the National Food Authority


This study examines the performance of the National Food Authority (NFA) with respect to its function of price stability and implications for public finances, and recommends policy reforms where warranted. It finds that NFA has been unsuccessful in stabilizing producer prices, but relatively successful in stabilizing retail prices, largely through exercise of its import monopoly. However, it does so at high cost, partly due to operational inefficiency, but largely owing to its fundamental policy mandate. The study recommends relinquishing this mandate, and leaving a greater role for the private sector in stabilizing rice prices, with NFA function and price policy limited to maintaining strategic reserves a variable import levy.

Citations

This publication has been cited time(s).

  1. Briones, Roehlano M. and Beulah Dela Pena, 2015 "Competition reform in the Philippine rice sector" , Philippine Institute for Development Studies

  2. Mariano, Marc Jim, James A. Giesecke, and Nhi H. Tran, 2015 "The effects of domestic rice market interventions outside business-as-usual conditions for imported rice prices" , Taylor & Francis Journals

  3. Mariano, M.J., J.A. Giesecke, and N.H. Tran, 2014 "The effects of domestic rice market interventions outside business-as-usual conditions for imported rice prices" , Victoria University, Centre of Policy Studies/IMPACT Centre