[ANALYSIS] President Marcos Jr.’s ‘success story’ for rice price ceiling

All the sound and hoopla about the rice price caps' supposed 'success' are great for the President’s image of champion of the poor, if that is the real objective

, both times on the joint recommendation of the Department of Trade and Industry and DA . Data from the Philippine Statistics Authority show that average rice prices in September were 15.9% and 17.1% above the price caps for regular- and well-milled rice, respectively. The compliance rate , also per the PSA data, averaged 21.8%

And the story quotes DA Undersecretary Leocadio Sebastian as saying: “DA price monitoring after lifting the price cap shows a stable rice price at the price cap levels” and that they are expecting the rice prices to decrease, particularly in rice-producing areas in the Philippines “as the new supply from the ongoing harvest comes in.”

Compare the above compliance rates with those reported by Dennis Mapa, head of the PSA, showing a compliance rate of 24.6% for regular-milled rice and 19.6% for well-milled rice nationwide or an average of 21.8%I searched for answers in the DA website. It has a Bantay Presyo section, which claims to give “Daily price updates of various agricultural and basic commodities in Major Markets Nationwide”.

Understand, Reader, that even the PSA’s Mapa did not want to go afoul of the President. He was hemming and hawing and soft-pedalling, and talking about counterfactuals, trying to make things look better for PBBM. Give him A for effort, in that direction. But the data, the facts, are there for all to see. I hope, for the good of the country, that the President makes more use of the PSA in formulating his evidence-based actions.

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