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Rice Prices and the National Food Authority

Author

Listed:
  • Intal, Ponciano Jr. S.
  • Cu, Leah Francine
  • Illescas, Jo Anne

Abstract

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.

Suggested Citation

  • 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.
    • Handle: RePEc:phd:dpaper:dp_2012-27
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    File URL: https://www.pids.gov.ph/publication/discussion-papers/rice-prices-and-the-national-food-authority
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    References listed on IDEAS

    as
    1. David, Cristina C., 1997. "Food Policy: Its Role in Price Stability and Food Security," Philippine Journal of Development JPD 1997 Vol. XXIV No.1-e, Philippine Institute for Development Studies.
    2. Yao, Richard T. & Shively, Gerald E. & Masters, William J., 2005. "How Successful Are Government Interventions In Food Markets? Insights From The Philippine Rice Market," 2005 Annual meeting, July 24-27, Providence, RI 19263, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. David, Cristina C., 1997. "Food Policy: Its Role in Price Stability and Food Security," Discussion Papers DP 1997-11, Philippine Institute for Development Studies.
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    Citations

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    Cited by:

    1. Arnold H. Fang, 2016. "Linkage between Rural Voters and Politicians: Effects on Rice Policies in the Philippines and Thailand," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 3(3), pages 505-517, September.
    2. Marc Jim M. Mariano & James A. Giesecke & Nhi H. Tran, 2015. "The effects of domestic rice market interventions outside business-as-usual conditions for imported rice prices," Applied Economics, Taylor & Francis Journals, vol. 47(8), pages 809-832, February.
    3. Briones, Roehlano M. & Dela Pena, Beulah, 2015. "Competition Reform in the Philippine Rice Sector," Discussion Papers DP 2015-04, Philippine Institute for Development Studies.

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    More about this item

    Keywords

    National Food Authority (NFA); Philippines; price stabilization; food security; financial sustainability;
    All these keywords.

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