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Philippine traders are expected to lower palay buying prices to protect margins if global rice prices fall. Rice import values rose 11.5% year on year in January and import volumes rose 29%, while high international prices have kept import volumes below expectations.
Expected import discouragement from high world prices keeps Philippine demand for Asian rice firm, while any future price decline could trigger a surge in cheap imports.
bworldonline.comCEDTyCleaMar 7, 2021After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
