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Food Policy: Its Role in Price Stability and Food Security


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  • David, Cristina C.
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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.

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    Bibliographic Info

    Paper provided by Philippine Institute for Development Studies in its series Discussion Papers with number DP 1997-11.

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    Length: 23
    Date of creation: 1997
    Date of revision:
    Handle: RePEc:phd:dpaper:dp_1997-11

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


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    Cited by:
    1. Richard Yao & Gerald Shively & William Masters, 2005. "How Successful Are Government Interventions In Food Markets? Insights From The Philippine Rice Market," Working Papers 05-06, Purdue University, College of Agriculture, Department of Agricultural Economics.
    2. Intal, Ponciano Jr. S. & Cu, Leah Francine & Illescas, Jo Anne, 2012. "Rice Prices and the National Food Authority," Discussion Papers DP 2012-27, Philippine Institute for Development Studies.


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