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Philippine lawmaker Jose Maria Clemente Salceda said adequate post-harvest support would help ease food inflation, which rose to 3.4% in February from 2.8% in January, with food inflation accelerating to 4.8%. Post-harvest losses are estimated at up to 15% of volume, and an industry group says milling recovery rates of 60-65% could rise to 70-80%.
Improving Philippine milling recovery and reducing losses could lower import needs, which would ease demand pressure on global rice markets.
bworldonline.comCEDTyCleaMar 24, 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.
