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Rice Price Hike and Its Effect To The Consumer of Barangay Enrique JC Montilla

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97 views4 pages

Rice Price Hike and Its Effect To The Consumer of Barangay Enrique JC Montilla

Uploaded by

floresjecco
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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RICE PRICE HIKE AND ITS EFFECT TO THE CONSUMERS OF BARANGAY

ENRIQUE JC MONTILLA, TACURONG CITY

A Quantitative Research Presented to the

Bachelor of Science in Entrepreneurship

Sultan Kudarat State University, Tacurong Campus

Peñaranda Micaila E.

Alumno, Kia Chriszyl-Ann V.

Maribeth P. Salaban

Subject Teacher

September 2024
Chapter 1

Introduction

Background of the Study

The Philippines, an archipelago, nation heavily reliant on agriculture, faces

an ongoing struggle with food security. Among the most essential staples in the

Filipino diet is rice, a commodity whose fluctuating prices directly impact the well-

being of millions. This study focuses on “RICE PRICE HIKE AND ITS EFFECT

TO THE CONSUMERS OF BARANGAY ENRIQUE JC MONTILLA,

TACURONG CITY”, aiming to understand the specific challenges faced by

residents of this barangay due to rising rice prices.

The study’s significance lies in its potential to provide valuable insights

into the socio-economic impact of rice price increases on local community. By

examining the experiences of consumers in Barangay Enrique JC Montilla, the

research will contribute to a deeper understanding of how price volatility affects

household budgets, purchasing behavior, and overall quality of life. This

knowledge can then be used to inform policy decisions and develop strategies

aimed at mitigating the negative consequences of rice price fluctuations.

Barangay Enrique JC Montilla, located in Tacurong City, is a community

with a diverse population, including families varying income levels. The

barangay’s economy is largely dependent on local business and agricultural

activities. As such, residents are acutely sensitive to changes in the price of

essential commodities, particularly rice, which constitutes of significant portion of

their food expenditure.

In recent years, the Philippines has experienced a series of rice price

increases due to various factors including supply chain disruptions natural

disasters, such as typhoons and droughts, can disrupt rice production and lead to

shortages, driving up prices. Increased demand a growing population and rising


incomes can lead to increased demand for rice, putting upward pressure on

prices. Government policies such as import restrictions and price controls can

also influence rice prices.

These factors have contributed to a significant increase in rice prices,

placing a heavy burden on consumers, especially those with limited financial

resources. Understanding the specific impact of these price hikes on the

residents of Barangay Enrique JC Montilla is crucial for developing targeted

interventions to alleviate their hardships.

Numerous studies have explored the impact of rice price hikes on different

populations. For instance, a study by the International Rice Research Institute

(IRRI) found that the rice price increases disproportionately affect low-income

households, leading to reduced food consumptions and increased poverty.

Similarly, a study by the Philippine Institute for Development Studies (PIDS)

highlighted the significant impact of rice price fluctuations on household budgets

and food security in the Philippines.

According to Radi Negara August 2010; one issue that raises public

debate in Indonesia every year is about the price of rice. There is a polemic

whether the price of rice should be lower or higher. The dilemma is about

protecting rice farmer or rice consumer. Applying non-parametric analysis on

Indonesian Family Life Survey 3 data, this study tries to observe the effect of rice

price changes on the income distribution of Indonesian households. However

there is some vagueness in imputation method for this survey. Other problem

concerns the unclear criteria of rice farmer which cause overvalued or

undervalued of rice production value estimation. The result clearly gives the

detail of variation, which shows us the impact of any changes or policy is not

linear and not equal even for the same type of household. Regarding to the

impact on total welfare, rice price support does not favour to the poor, neither rice

farmers nor consumers. Hence there will be further question on whether current
rice price policy which discriminates price for farmers and consumers is effective

or efficient.

These studies provide a foundation for understanding the broader context

of rice price increases and their impact on consumers. However, the specific

experiences in Barangay Enrique JC Montilla remain understudied. This research

aims to fill this gap by providing localized perspective on the issue, offering

valuable insights in to the unique challenges faced by this community.

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