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Philippine Agriculture Secretary Tiu Laurel urged House lawmakers to amend the Rice Tariffication Law, arguing it stripped the NFA of its ability to regulate supply and stabilize prices. He said cheap imports drove palay farmgate prices down to as low as P8 per kilo.
He noted prices began recovering after the announced import suspension.
Possible changes to the tariffication law could eventually reshape Philippine import policy and rice demand, though the outcome is uncertain in the near term.
philstar.comChristine BotonAug 21, 2025After 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.
