
Philippine rice imports reached 4.49 million metric tons as of October 29, up from 3.39 million tons a year earlier and close to the 2024 record of 4.8 million. Vietnam supplied 62.3% of the volume and Thailand 14.8%, as El Niño drought is projected to cut domestic output by 0.9 to 1 million tons.
Heavy Philippine buying and lower domestic output support Asian rough rice export prices, while peso weakness raises the local cost of imported rice.
After 180 past bullish weather events, Rough Rice moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.5%), and +2.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.