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An AFP fact check finds a viral Facebook photo claiming cheap rice in the Philippines is doctored and reused from a 2008 image. Official figures put average February 2019 retail rice at 45 pesos per kilo.
The fact check confirms that Philippine retail rice prices remain elevated, supporting import demand for rough rice and a firm local price floor.
factcheck.afp.comFeb 26, 2019Not enough comparable past events yet for a historical read.
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.
