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The USDA FAS projects record Philippine rice imports of 4.7 million tonnes in 2024-25, matching the prior record, driven by high domestic prices and tariff cuts. Consumption is forecast at a record 17.2 million tonnes and ending stocks at a record 4.2 million tonnes.
Record import demand supports global rice trade flows, though record stocks and wet-season harvest may limit price gains.
ukragroconsult.comJul 16, 2024After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% 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.
