By Kenneth Christiane L. Basilio and Kyle Aristophere T. Atienza, Reporter
A PROPOSAL to allow the Philippines’ National Food Authority (NFA) to sell rice at subsidized prices is unsustainable and could worsen the government deficit, economists said at the weekend.
Letting the agency buy rice from producers at high farmgate prices and selling these at lower retail prices is a superficial solution to spiraling rice prices, they added.
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