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House Speaker Romualdez credited Philippine Executive Order 39, which set rice price caps, for a 21% drop in world rice prices, citing Markets Insider data showing a move from $384 to $332.4 per metric ton. He attributed the decline to importers canceling orders after the price ceiling was imposed.
The claimed link between domestic price caps and world prices is disputed, and the cited drop relies on a narrow data series. Feed buyers should not treat this as a sign of broad rice market weakness.
mb.com.phEllson QuismorioSep 7, 2023After 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.
