The world still grows plenty of rice but the crisis is caused by several factors. In the Philippines, the government assures that there is enough supply for every Filipino. … At present, the crisis is also brought about by abandonment, conversion and reclassification of lands.
What caused the rice shortage?
Many reasons have contributed to the shortage of rice but the country after withdrawing from the market due to ample domestic supplies and a government- imposed import ban during the main harvest period, Indonesia is projected to return as the number one importer in 2005.
What are the factors that affect the supply of rice in the Philippines?
Land area, planting season, fuel cost, fertilizer cost, and land rent have positive significant relationship with the value of rice production in Philippines.
What do you think is really the problem of the rice industry in the Philippines?
There are several problems besetting the rice industry in the country. … The results revealed that common problems encountered by rice farmers were: high cost of inputs, low price of palay, lack of capital, labor problem, lack of postharvest facilities, pest and diseases and irrigation system.
What is rice price crisis?
The price of rice escalated in May due to a number of short- and long-term factors, with the export price exceeding USD 1000 per ton. … Except for the price spike in 1972-1974 caused by production shortfall in several countries and the oil crisis, rice prices sustained a decrease over time until 2001 (Figure 1).
What are the 6 factors that affect demand?
6 Important Factors That Influence the Demand of Goods
- Tastes and Preferences of the Consumers: ADVERTISEMENTS: …
- Income of the People: …
- Changes in Prices of the Related Goods: …
- Advertisement Expenditure: …
- The Number of Consumers in the Market: …
- Consumers’ Expectations with Regard to Future Prices:
What affects the production of rice?
Variability in the amount and distribution of rainfall are the most important factors affecting yield of rainfed wetland rice. Solar radiation is essential for photosynthetic activity. As such, the growth, development and yield of rice plants are affected by the level of solar radiation.
What is the most profitable crop in the Philippines?
High-value products: The leading crops in value per hectare are: Cavendish banana, mango, pineapple, onion, and cabbage. Banana and pineapple are export-driven and with intensive level of management. The latter’s prices are relatively low, but productivity is high and world market is not that volatile.
Why are Filipino farmers are still poor?
The reasons are three-fold: the lack of accountability among farmer cooperative leaders; cooperatives and farmers’ associations are formed mainly to access government dole-outs; and the government agency (e.g., CDA), which has oversight responsibility on cooperatives, is oriented towards regulations of cooperatives …
What is the most expensive rice in the Philippines?
Kinmemai Premium rice earned its spot in the Guinness Book of World Records in 2016 for being the world’s most expensive rice. They did so with a hefty cost of $109 per kilogram, which was around Php 5,500. Its price now stands at SGD 155 or more than Php 5,800.