Rizal Philippines
August 30, 2018
Sen William Gatchalian has proposed the abolition of NFA for failing in its mandate to control the price of rice in its 3 decades of existence. Why spend billions when it is more convenient to peg price of selling price of rice by price controls
It does not look easy as it looks:
1. Most rice cartels are powerful people (relatives of congressmen and other top govt officials or have connection to the same)
2. The said cartels buy the palay at lower price even sell to NFA at their buying price
3. There is a politics on buying price of palay: the NFA has to be buy their produce at higher price to make them happy. The producers want higher price, the consumers want lower price of rice
