PJD 2017 Vol. 44 No. 2d
Enhancing the Philippine Legal, Regulatory, and Policy Framework for Distributed Energy Resources
PJD 2017 Vol. 44 No. 2c
Possible Effects of China's Belt and Road Initiative on Philippine Trade and Investments
PJD 2017 Vol. 44 No. 2b
Effect of Supply Chain Integration on Business Performance and Competitiveness of Philippine SMEs
PJD 2017 Vol. 44 No. 2a
Role of Subjective Perceptions and Migration Culture in the Formation of Migration Intentions: Evidence from a Rural Village in the Philippines
Publication Detail
PN 2014-08: Bakit Nagmahal ang Bigas Noong 2013? At Bakit Mahal pa rin? The Continuing Saga of Rice Self-Sufficiency in the Philippines

The rice price spike experienced in the third quarter of 2013 alarmed the public. Speculations spread about the cause of the spike, the most popular of which was the hoarding by private traders. Rice cartels were also blamed for price manipulation. These cartels were perceived to connive with rice smugglers in an unholy alliance.

It is easy to blame rice traders and smugglers for price manipulation, but it is another thing to produce evidence for this accusation. This Policy Note is the outcome of a study on the actual state of rice supply in the country. It looks into the rice price spike in 2013 by taking a different approach instead of subscribing to the notion of secret conspiracies. The alternative explanation taken by the study invokes nothing more than standard supply and demand. It proposes that the inadequacy of supply starting from mid-2013 can be attributed to the reduction in imports due to government policy. Such reduction was neither compensated for by a commensurate increase in domestic production nor by a timely release from the buffer stock.

Philippine Institute for Development Studies
Authors Keywords
Briones, Roehlano M.; Galang, Ivory Myka R.; Philippines; rice self-sufficiency; rice supply; rice price;
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