Impact of trade liberalisation on Philippine corn prices
2003
A.R. Chupungco
This paper analyses Philippine corn prices and the policy environment for the crop in terms of import policies, tariffs, and other trade policies embodied in the General Agreement on Tariffs and Trade-World Trade Organization (GATT-WTO).Comparative analysis of trends between the pre-GATT years (1990-1995) and the post-GATT years (1996-2000) was done for the highest corn-producing regions in the Philippines (Southern Mindanao for white corn and Cagayan Valley for yellow corn and Northern Mindanao for both yellow and white corn).Highlights of the paper include:compared with the pre-GATT years, the post-GATT years have resulted in higher production and higher profits for yellow corn farmers but lower production and lower profits for white corn farmersalthough both yellow and white corn farmers got higher prices for their products and were still highly protected, yellow corn farmers benefited more from GATT. This may be attributed to the increasing demand for yellow corn in the feed industrythe price competitiveness analysis at the respective wholesale markets in the production areas showed domestic corn to be highly competitive with imported corn both at the in-quota and out-quota tariff ratesafter adding marketing and distribution cost up to Manila from the respective production areas, domestic corn was found to be either marginally or not competitive at all with imported corn at the Manila wholesale market at the in-quota tariff ratesat the out-quota tariff rates, the price of domestic corn was competitive with that of imported corn.[adapted from author]
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