The government must focus on improving productivity, particularly identifying the right investments along the value chain, among others, to make food more affordable to Filipino consumers, according to a recent study published by the PIDS.
THE government must focus on improving productivity, particularly identifying the right investments along the value chain, among others, to make food more affordable to Filipino consumers, according to a recent study published by the Philippine Institute for Development Studies .
“By lowering production and logistics cost, productivity improvements also tend to make food more affordable,” Briones stressed. Also among the recommendations provided in the study was to “aggressively” pursue trade liberalization when nutrition security is under threat. Briones said this is a “cost-effective” policy to improve food affordability.
According to Briones, a “common tendency” of policymakers is to favor price subsidies in order to keep food affordable. However, he noted that consumer subsidies are “financially unsustainable”; for instance, the “tantalizing promise” of P20 rice.
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