2025-03-15 12:53
Make our farmers more competitive, palay price cap is a band aid solution. It carries risks such as higher rice prices for consumers, and market distortions. Instead of artificially raising prices, a better approach is to make farmers more competitive by lowering production costs, improving post-harvest facilities, machineries, and strengthening cooperatives. Providing input subsidies, crop insurance, modern storage, and value-added processing can help farmers increase profitability.