Price freeze on goods ‘not tenable,’ ‘too simplistic, ineffective’ — solon

Marikina City 2nd Dist. Rep. Stella Luz Quimbo.

Marikina City 2nd Dist. Rep. Stella Luz Quimbo. Photo from Teacher Stella Quimbo Facebook

MANILA, Philippines — Implementing a worth freeze amid the meals inflation within the nation is “too simplistic and ineffective,” Marikina City Rep. Stella Luz Quimbo reiterated Wednesday.

During the press briefing of the House minority bloc, Quimbo, an economist, stated the value freeze will solely additional undermine the provision of goods, reminiscent of pork, available in the market.

“A price cap on meat will work only if a price floor is implemented for farmgate prices, or else the burden ultimately falls on the hog raisers and farmers. But price caps at different levels of the value chain would be too difficult and too costly to enforce,” Quimbo stated.

To deal with meals inflation, Quimbo stated a mixture of coverage responses is required to deal with the meals inflation.

According to the lawmaker, this contains the supply of money help to farmers and hog raisers affected by the African Swine Fever and the typhoons that hit the nation late final 12 months.

“‘Yung pera na yan ang dagdag kapital para siguradong ipagpapatuloy nila ang kanilang pagsasaka, babuyan, o manukan. Ang mahalaga ay magpatuloy ang supply,” Quimbo stated.

(That cash is an extra to their capital to ensure they proceed on with their farming, hen and hog elevating. The essential is to proceed the provision.)

“Tuwing kumokonti ang supply, tataas ang presyo. Less supply disruptions, less price spikes,” she added.

(Every time the provision goes down, costs go up.)

Quimbo added that decreasing tariffs on imported meat which, she stated, is likely one of the causes for the prevalence of meat smuggling within the nation, may also function an answer.

“Sa mas mababang taripa, mas maliit ang insentiba na mag smuggle: mas ok na lang ang magbayad ng taripa at maging legit na importer kung abot kaya naman ang tariff rate. More importantly, reducing tariffs will immediately lower prices in the marketplace and provide relief to consumers,” Quimbo stated.

(With decrease tariff, the inducement to smuggle is little: It is alright to pay the tariff and turns into a reputable importer for those who can afford the tariff price.)

The lawmaker added that the federal government can use the revenues collected from tariffs to develop the nation’s farming and livestock industries and supply subsidies to farmers and livestock producers to make them extra aggressive in opposition to imported goods.

“Dapat paigtingin ang kilos ng Philippine Competition Commission laban sa mga traders na bumabarat sa mga magsasaka at livestock producers,” Quimbo stated.

(The Philippine Competition Commission ought to intensify the struggle in opposition to stingy merchants  who’re low-balling our farmers and livestock producers.)

“Pag-igtingin dapat ng Bureau of Customs ang enforcement laban sa smugglers,” she added.

(The Bureau of Customs ought to intensify the enforcement marketing campaign in opposition to smugglers.)

President Rodrigo Duterte has imposed a 60-day freeze in the prices of pork and chicken to test their exorbitant costs in markets, incomes the ire of native producers who imagine the charges are “impossible” to satisfy.

Agriculture sector disregarded

Meanwhile, Ang Magsasaka Rep. Argel Cabatbat stated that one of many causes of meals inflation is the continued disregard in direction of the agriculture sector within the nation.

“Ganun din sa mga tone-toneladang nasayang na ani simula noong isang taon dahil sa mga bagyo, kakulangan ng farm-to-market roads, at hindi malinaw na checkpoint policies noong nagsimula ang pandemya. Lahat ho ito ay indikasyon ng kakulangan sa batas, polisiya, at ayuda para sa maliliit na magsasaka,” Cabatbat stated.

(It additionally goes with the tons of wasted harvest since final 12 months due to typhoons, lack of farm-to-market roads, and unclear checkpoint insurance policies when the pandemic began. All of those are indications of missing in our legal guidelines, insurance policies, and help to small farmers.)

Cabatbat stated that the price range being given to the agriculture sector is just not sufficient in comparison with the wants of farmers and fishermen within the nation.

“Noong tinamaan tayo ng sunud-sunod na bagyo, hindi makahabol ang ayuda para sa pangangailangan ng mga magsasaka,” Cabatbat stated.

(When we had been hit by a sequence of typhoons, the help didn’t met the wants of our farmers.)

Cabatbat likewise, hit the federal government’s transfer to resort to importation in circumstances of “preventable” meals storage within the nation.

“Sinasabi ng mga ahensiya na last resort lang ito, pero ang totoong nangyayari eh first resort ang pag-aangkat ng pagkain mula sa ibang bansa. Nagsimula na ito sa Rice Tariffication Law, kaya sana huwag naman na itong krisis ang mitsa ng pagkakaroon ng ibang bersyon ng RTL para sa ibang mga pagkain,” the lawmaker added.

(The companies are saying that that is simply the final resort, however what is occurring is that the importation of meals from overseas has change into the primary resort. It has began with the Rice Tariffication Law, we hope that the disaster won’t a cause for the RTL to have a brand new model for different meals provide.)


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