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Philippine Senator Francis Pangilinan urged the Bureau of Customs to inspect rice imports for misdeclared quality, citing importers declaring 25% broken rice to evade tariffs. Reference prices cited were $438 per ton for 25% broken and $490 for 5% broken.
Enforcement against misdeclaration could raise effective import costs for Philippine buyers of lower-grade rice, but the story is a policy discussion rather than a confirmed rule change.
bworldonline.comRGEntRibirthFURDOct 22, 2020After 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.
