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A PCIJ investigation traces Philippine rice pricing during the 2023 shortage, finding farmgate prices rose 80% to 190% from farmgate to retail. Farmers and cooperatives describe a pricing dilemma during harvest and a fragmented value chain across Luzon.
Domestic Philippine price dynamics and value-chain issues affect local rice import demand, but the story has limited direct effect on global rice prices.
pcij.orgLeilani ChavezMar 21, 2024Not 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.
