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An analysis disputes Philippine Speaker Romualdez's claim that a price ceiling caused a 21-22% fall in world rice prices. The writer argues the cited data used futures for US rough rice, a small part of trade, rather than current export prices.
The piece clarifies that the reported world rice price drop is not a reliable signal of export market direction. Buyers should rely on physical export quotes rather than futures-based headlines.
rappler.comWinnie MonsodSep 12, 2023Not 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.
