# Manila Bulletin - Big time world rice market price plunge due to Marcos price cap--Romualdez

> 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.

- Date: 2023-09-07 · published 2023-09-07T12:00:00.000Z
- Category: policy · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/34188-manila-bulletin-big-time-world-rice-market-price-plunge-due-to-marcos-price-cap
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-10-01 | [Rice Market Outlook: Rice Bran Oil Weakens, Paddy Acreage Slips — CMB News](https://feedsoft.ai/events/17541-rice-market-outlook-rice-bran-oil-weakens-paddy-acreage-slips-cmb-news.md) | +3.3% | +7.6% |
| RICE | 2020-02-03 | [Post RTL: Rice can be profitable - BusinessWorld Online](https://feedsoft.ai/events/54679-post-rtl-rice-can-be-profitable-businessworld-online.md) | +0.0% | -0.8% |
| RICE | 2019-05-28 | [Global rice market sensitivity be accorded to right domestic policy - ANTARA News](https://feedsoft.ai/events/59176-global-rice-market-sensitivity-be-accorded-to-right-domestic-policy-antara-news.md) | +1.2% | -3.2% |
| RICE | 2018-09-10 | [Rice prices to stabilize in November: Piñol \| ABS-CBN](https://feedsoft.ai/events/63117-rice-prices-to-stabilize-in-november-pinol-abs-cbn.md) | -1.7% | -0.2% |
| RICE | 2019-03-28 | [Non-Basmati rice export to remain stagnant in current fiscal - DST - Daily Shipping Times](https://feedsoft.ai/events/60049-non-basmati-rice-export-to-remain-stagnant-in-current-fiscal-dst-daily-shipping.md) | -4.3% | -8.8% |

## Sources

- mb.com.ph: https://mb.com.ph/2023/9/7/big-time-world-rice-market-price-plunge-due-to-marcos-price-cap-romualdez

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.