MANILA, Philippines — Implementing a price freeze amid the food inflation in the country is “too simplistic and ineffective,” Marikina City Rep. Stella Luz Quimbo reiterated Wednesday.
During the press briefing of the House minority bloc, Quimbo, an economist, said the price freeze will only further undermine the supply of goods, such as pork, in the market.
“A price cap on meat will work only if a price floor is implemented for farmgate prices, or else the burden ultimately falls on the hog raisers and farmers. But price caps at different levels of the value chain would be too difficult and too costly to enforce,” Quimbo said.
To address food inflation, Quimbo said a mix …
Keep on reading: Price freeze on goods ‘not tenable,’ ‘too simplistic, ineffective’ — solon