![[ANALYSIS] EO 39 makes no sense: Refuting the reasons for a price ceiling on rice](https://i.headtopics.com/images/2023/9/5/rapplerdotcom/analysis-eo-39-makes-no-sense-refuting-the-reasons-analysis-eo-39-makes-no-sense-refuting-the-reasons-472AE689869ACE235E763A1D6AB4233B.webp)
Yes, price controls may have been in fashion decades ago, as during the Marcos dictatorship, but they resulted in black markets, reduction in the quality of the price-controlled goods, and even more shortages
WHEREAS, Section 2 of RA No.
the use of price ceilings, except for when the President wants to impose them. Moreover, this Whereas is factually based. In a meeting of the Economic Development Cluster/Group that was reported out on August 15 , Department of Agriculture Undersecretary for Rice Industry Development Leocadio Sebastian declared that barring the occurrence of destructive typhoons, we can expect the production of palay for 2023 could surpass 20 million metric tons , or 13 MMT of rice.
Unpredictable oil prices. But since when has anybody been able to predict oil prices? This has been going on for the past 50 years, for heaven’s sake. . These have been mentioned every time there is a rice in prices, and yet, no substantial evidence of either has ever come out. When DA senior undersecretary was recently asked during aif there was a rice cartel, he said he didn’t believe there was.
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