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The Philippines cut most-favoured-nation tariffs on imported rice by executive order, and Vietnam's Ministry of Industry and Trade says this opens opportunities for Vietnamese exporters. The ministry urged firms to cooperate with farmers and meet Philippine import clearance rules.
Lower Philippine tariffs could lift Vietnamese and other Asian rice export volumes and add competition for Thai and Indian rice, a modestly bearish signal for export prices.
ukragroconsult.comMay 25, 2021After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% 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.
