Post
Topic
Board Economics
Re: The Taste of an Economic Downturn
by
Bttzed03
on 11/01/2023, 09:24:03 UTC
~
However, self-sufficiency can't be achieved overnight.
Indeed! The intention is really good but the implementation was too soon. Unfortunately, we (the regular consumers) had to pay the price for that huge blunder.

What's even funny is that they have decided to import now, just when the local producers are about to fill the markets with supply. And now these farmers are saying no to imported onions.

The government was adamant not to import in October and November because the local harvest season for onions would commence at around mid-December. That strategy failed and the price shot up beyond $13 a kilo in some market. And now that the harvest is happening, the government decided to import because the price has already reached so high.
Yeah I read that a few hours ago. Although the timing is late, at least the Government is coming up with a solution to bring down prices helping the local consumers while still trying to protect the farmers (the volume of the importation was reduced). Now, I'm interested to see the steps they will take against hoarders and smugglers.

I really don't understand what's happening.
I'd like to take this positively and see this as correcting their mistakes. The price shouldn't have reached that high but what's done is done and we can only hope to to see more improvements in economic policies that balances out the interest of all parties involved.

It