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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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    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
    Handle: RePEc:phd:dpaper:dp_1997-11
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