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The Philippine trade secretary credited the Rice Tariffication Law with bringing retail rice prices to a seven-year low. Retail regular milled rice averaged PHP36.32/kg in early February, the lowest since December 2013.
Lower domestic Philippine prices after tariff reform reduce import demand pressure in the short term, a modestly bearish signal for Asian rice trade.
thephilbiznews.comThe Philippine Business, NewsMar 10, 2020After 100 past bearish policy events, 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.
