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Impact of trade liberalization on Philippine corn prices

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dc.contributor.authorChupungco, A.en
dc.contributor.departmentSustainable Agriculture and Natural Resource Management (SANREM) Knowledgebaseen
dc.coverage.spatialThe Philippinesen
dc.coverage.temporal1990 - 2000en
dc.date.accessioned2016-04-19T18:09:10Zen
dc.date.available2016-04-19T18:09:10Zen
dc.date.issued2003en
dc.description.abstractThis paper analyzes 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). 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 farmers. Although both yellow and white corn farmers got higher prices for their products and were still highly protected, yellow corn farmers apparently benefited more from GATT. This may be attributed to the increasing demand for yellow corn in the feed industry. The 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 rates. After 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 rates. At the out-quota tariff rates, the price of domestic corn was competitive with that of imported corn.en
dc.format.mimetypeapplication/pdfen
dc.identifier68en
dc.identifier.other68_ImpactOfTrade.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/65628en
dc.language.isoen_USen
dc.publisherLaguna, Philippines: University of the Philippines Los BaƱos. Institute of Strategic Planning and Policy Studiesen
dc.relation.ispartofISPPS Working Paper no. 03-01en
dc.subjectEconomic growthen
dc.subjectTariffsen
dc.subjectImportsen
dc.subjectWorld marketsen
dc.subjectEconomic analysesen
dc.subjectEconomic policyen
dc.subjectInternational tradeen
dc.subjectCommon marketsen
dc.subjectTrade regulationsen
dc.subjectTrade policyen
dc.subjectExportsen
dc.subjectCorn pricesen
dc.subjectYellow cornen
dc.subjectWhite cornen
dc.subjectGeneral agreement on tariffs and trade-world trade organization (gatt-wto)en
dc.subjectImport policiesen
dc.subjectTrade policiesen
dc.subjectTrade liberalizationen
dc.subjectThe Philippinesen
dc.subjectFarm/Enterprise Scale Governanceen
dc.titleImpact of trade liberalization on Philippine corn pricesen
dc.typeTechnical reporten
dc.type.dcmitypeTexten

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