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The Philippine National Food Authority said it holds about 80,000 sacks of aged rice in its warehouse, sold at P29 per kilo in Kadiwa centers. This responded to a Department of Agriculture warning that six million bags may rot if not disposed of soon.
Limited government stock levels reduce the risk of a large public rice sale pressuring Philippine or world prices. The dispute over stock quality may affect import planning.
gmanetwork.comGMA Integrated NewsDec 17, 2024After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
