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Analyzing The Rice Crisis in the Philippines
31 May
Academics, Research and Development Department of Ateneo Economics Association
THE SIGNIFICANCE OF RICE IN THE PHILIPPINE SETTING
Rice is the staple food of the Filipinos. It is a politically sensitive commodity with which supply disruption causes people distress. The Philippines consumes about 33,000 tons of rice daily. Approximately, 80% of the total population spends almost 1/4 of their income on rice alone. This shows that a slight increase in the price of this commodity will greatly affect the standard of living for most Filipinos. (more…)
