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Wednesday, February 8, 2023

Balancing interests of producers and consumers

It is more fun criticizing

This is a delicate balance that must be maintained by regulators.  -  to favor producers or consumers.    The answer would be ideal -  both

Producers want higher price for their produce say rice.   Say farmgate price for palay of P20.00 BBM wants at P20.00 price ceiling for rice.  Impossiblel.  It takes 2x as much palay to produce rice.   Without additional production cost, that translates into P40.00 selling price.