# Greater than normal palay weakness expected if global rice prices decline - BusinessWorld Online

> 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.

- Date: 2021-03-07 · published 2021-03-07T12:00:00.000Z
- Category: trade · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/48195-greater-than-normal-palay-weakness-expected-if-global-rice-prices-decline
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

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.

## Read by commodity

- RICE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2019-01-14 | [The dynamics of India’s rice export boom - The HinduBusinessLine](https://feedsoft.ai/events/61065-the-dynamics-of-india-s-rice-export-boom-the-hindubusinessline.md) | +0.9% | -2.5% |
| RICE | 2022-11-29 | [Despite curbs, Indian rice continues to be competitive in export market - The HinduBusinessLine](https://feedsoft.ai/events/38629-despite-curbs-indian-rice-continues-to-be-competitive-in-export-market-the.md) | -5.0% | +0.0% |
| RICE | 2017-07-27 | [Asia Rice: Bangladesh May Call off Thai Import Deal Over High Prices](https://feedsoft.ai/events/70025-asia-rice-bangladesh-may-call-off-thai-import-deal-over-high-prices.md) | +1.8% | +0.2% |
| RICE | 2018-03-23 | [China at center of global rice trade - Texas Farm Bureau](https://feedsoft.ai/events/66072-china-at-center-of-global-rice-trade-texas-farm-bureau.md) | +0.2% | +5.4% |
| RICE | 2025-04-04 | [Tariffs could reshape rice market, prices \| World Grain](https://feedsoft.ai/events/25193-tariffs-could-reshape-rice-market-prices-world-grain.md) | +1.3% | -3.5% |

## Sources

- bworldonline.com: https://bworldonline.com/editors-picks/2021/03/08/348729/greater-than-normal-palay-weakness-expected-if-global-rice-prices-decline/

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