Recent years have seen wild swings in the supply and prices of food. This has led to inflation rates and government's reactive approach to crises. Lack of accurate and timely data is identified as the main cause.
Recent years have seen wild swings in the supply and prices of food. For a while, onion prices jumped seven-fold. At another time, farmers were forced to dump their tomato harvests due to the lack of buyers. Food prices have been blamed for the spike in inflation rates, with the government often caught flat-footed and left to react to crises instead of anticipating and preventing them.
In many instances, this can be traced to the lack of accurate and timely data, which has led to poor program design, faulty planning, and delayed decision-making.In 2021, PSA placed the beginning (January 1) rice inventory at 2.332 million tons. If we add the domestic output of a little over 13 million tons in rice equivalent and imports of almost 3 million tons, total available supply during the year reached some 18.4 million tons. PSA then reported that, by December 31, the country had only 1.86 million tons of rice left, which means we had used up around 16.5 million ton
Food Supply Food Prices Inflation Rates Government Data Program Design Planning Decision-Making
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